What function is money serving when you deposit money in a savings account?
A) a store of value
B) a unit of account
C) a chequable deposit
D) a medium of exchange
Correct Answer:
Verified
Q51: Coins held in chartered banks are:
A)included in
Q52: Near-monies are important:
A)because they are likely to
Q53: Demand deposits are classified as money because:
A)they
Q54: Demand deposits are:
A)included in M1.
B)not included in
Q55: Near money means:
A)Money substitutes such as credit
Q57: In Canada the money supply (M1) is
Q58: The paper money used in Canada is:
A)National
Q59: One reason that "near-monies" are important is
Q60: The amount of money reported as M2:
A)is
Q61:
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