Which of the following is false?
A) Currency is money, but money is more than simply currency.
B) M1 is a component of M2.
C) Federal Reserve notes make up about 99 percent of the paper money in circulation.
D) Credit cards are money since they are widely accepted for purposes of exchange.
E) Money reduces the transaction costs of making exchanges.
Correct Answer:
Verified
Q61: In June 2012,the largest component of M1
Q65: A bank has $10,000 in excess reserves
Q73: Money is defined by economists as
A) the
Q82: Bank A has checkable deposits of $10
Q91: When money is used to buy a
Q100: Consider the following data: currency (held outside
Q102: Banks in the United States operate under
Q107: When economists say that banks must hold
Q112: In which setting are the transaction costs
Q117: Bank deposits at the Federal Reserve =
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents