Debit cards are
A) counted as money because they perform the medium of exchange function of money.
B) not considered money because they merely show that their owners have a relationship to money.
C) are counted as a part of M2 but not M1.
D) counted as money because they provide access to their owners' checkable deposits.
Correct Answer:
Verified
Q36: Which of the following illustrates the store-of-value
Q37: Inflation reduces the ability of money to
Q38: Gresham's Law
A) deals with the theory of
Q39: The Fed's narrowest measure of money supply
Q40: Which of the following is part of
Q42: Use the following to answer questions.
Exhibit: Money
Q43: M1 includes
A) currency only.
B) currency plus checkable
Q44: The largest component of M1 is
A) checkable
Q45: Freema withdraws $1,000 from her checking account
Q46: Use the following to answer questions.
Exhibit: Money
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