Which statement about money is most correct?
A) Money has been around for a long time and can include anything that is accepted as a means of payment.
B) Money is a new invention and only includes dollar bills and coins.
C) Money has been around for a long time and only includes dollar bills and coins.
D) Money is a new invention and can include anything that is accepted as a means of payment.
E) Money has been around for a long time and only includes checking and savings accounts.
Correct Answer:
Verified
Q119: A bank has $250 in checking deposits,
Q120: M2 equals
A)M1 and is just another name
Q121: Money is best defined as
A)anything that is
Q122: The Banks of the Mississippi has excess
Q123: If the currency drain ratio is 0.2
Q124: The monetary base is equal to
A)Federal Reserve
Q125: An increase in the currency drain ratio
A)decreases
Q126: Open market operations are the
A)lending of reserves
Q127: The objects we use as money today
Q129: The Fed's policy is determined by the
A)Federal
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