Stores need not accept your check but must accept currency because:
A) currency is backed by gold.
B) checks are not money but currency is.
C) currency is legal tender,but checks are not.
D) currency is easier to handle.
E) currency is a medium of exchange,but checks are not.
Correct Answer:
Verified
Q12: The distinction between M1 and M2 has
Q13: The M1 money supply consists primarily of:
A)savings
Q14: Banks minimize the risk of loss to
Q15: Which of the following is true of
Q16: Which of the following is included in
Q18: Which of the following is not money?
A)Checks
B)Coins
C)Federal
Q19: Banks have more expertise than individual households
Q20: Banks act as financial intermediaries by:
A)bringing together
Q21: Suppose a bank has $8,000 in checkable
Q22: Suppose a bank has $6,000 in checkable
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