Checks are NOT money because they
A) are issued by banks, not by the government.
B) are merely instructions to transfer money.
C) have value in exchange but little intrinsic value.
D) are not backed by either gold or silver.
Correct Answer:
Verified
Q85: In the list of assets below, which
Q86: Which of the following is the most
Q87: Liquidity is the same as
A) easy conversion
Q88: A highly liquid asset
A) has high transaction
Q89: Which of the following is the most
Q91: Checks and credit cards are NOT considered
Q92: Which of the following is TRUE?
I. Checks
Q93: Which of the following is the most
Q94: Which of the following is NOT money?
A)
Q95: Credit cards are
A) not money because they
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