Electronic cash (or e-cash) , like Bitcoin,
A) is not money because it is not universally accepted as a means of payment.
B) is part of M1 but not M3.
C) is not a secure means of payment.
D) is not money because it is not officially issued by the government.
E) is part of the M3 money supply but not part of the M1 money supply.
Correct Answer:
Verified
Q11: For an asset to be a "means
Q12: Money serves as a
A) means of payment,
Q13: Money is used as a _ when
Q14: What is a problem with barter that
Q15: M1 is composed of
A) traveller's cheques, credit
Q17: When we use money to purchase goods
Q18: When you use a credit card to
Q19: Fiat money means
A) that the money can
Q20: Credit cards are
i. a generally accepted form
Q21: A bank's desired reserve ratio is
A) the
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