A deficit economic unit spends more money than it brings in and must balance its money receipts with money expenditures by selling gold and/or silver.
Correct Answer:
Verified
Q11: Money is perfectly liquid.
Q12: The savings-investment process involves the direct or
Q13: Primitive economies have little occasion to exchange
Q14: Money is anything generally accepted as a
Q15: Monetary policy makers can stimulate economic activity
Q17: A central bank defines and regulates the
Q18: An individual bank can create money.
Q19: The use of direct transfers is the
Q20: The role of financial institutions in a
Q21: "Continentals" were denominated in dollars and were
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents