Money serves as a unit of account when:
A) it is used to purchase goods and services.
B) it is a basic measure of economic value.
C) it is a means of holding wealth.
D) there is a double coincidence of wealth.
Correct Answer:
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A)spending for
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Q21: Commercial banks create new money:
A)when they increase
Q22: Liabilities of the commercial banking system include:
A)reserves
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Q25: In a fractional-reserve banking system the reserve/deposit
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