--------------------like a check and--------------------considered money.
A) E-checks work; are
B) E-cash works; is
C) Debit cards work; are
D) E-cash works; is not
E) Debit cards work; are not
Correct Answer:
Verified
Q31: The desired reserve ratio is 3 percent.
Q32: The Fed buys $100 million U.S. government
Q33: Checkable deposits are money because
A)only banks and
Q34: Actual reserves are equal to
A)required reserves plus
Q35: Money market mutual funds
A)are included in M1
Q37: Suppose the currency drain ratio is 33.33
Q38: Excess reserves are the
A)same as the required
Q39: If the Fed purchases securities in the
Q40: When we put a price tag on
Q41: If the desired reserve ratio increases, then
A)banks
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