Why do people often hold money instead of bonds?
A) Money is less liquid than bonds.
B) Money is needed for transactions.
C) Bonds pay interest.
D) Of the two, only money is a store of wealth.
Correct Answer:
Verified
Q48: M1 consists primarily of cash in the
Q49: Which of the following is not a
Q50: In an advertisement for credit cards, the
Q51: Using a credit card creates a financial:
A)liability
Q52: Checking account balances are:
A)not money.
B)not included in
Q54: M1 includes which of the following?
A)Time deposits
B)Checking
Q55: Which of the following is included in
Q56: Which of the following will be affected
Q57: The chief difference between the M1 and
Q58: Checking account deposits are classified as money
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