Which of the following statements is false?
A) Currency is money,but money is more than just currency.
B) M1 is a component of M2.
C) Retail money market mutual funds are part of M2,but institutional money market mutual funds are not.
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
Q103: To a bank,reserves are classified as
A) an
Q104: If M1 is $1,200 billion,currency held outside
Q105: To a bank,a checkable deposit is classified
Q106: If checkable deposits rise,it follows that the
A)
Q107: When economists say that banks must hold
Q109: When people in a barter economy began
Q110: If reserves equal $29 million and vault
Q111: To a bank,a loan the bank has
Q112: In which setting are the transaction costs
Q113: Which of the following statements is true?
A)
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