Checking deposits at banks are
A) money.
B) not money because they are an intangible asset.
C) money only because they are insured by the FDIC.
D) not money until they are converted into currency.
Correct Answer:
Verified
Q50: Which of the following is NOT included
Q51: Which of the following is NOT included
Q52: M1 is a measure of
A) money and
Q53: M1 includes
A) currency, checking deposits and traveler's
Q54: If an economy tried to use bananas
Q56: Which of the following applies to money
Q57: Checking deposits are
A) not part of money.
B)
Q58: U.S. currency
A) is less efficient than barter.
B)
Q59: M1 includes all the following items EXCEPT
A)
Q60: Which of the following is NOT included
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