The amount of money held in checking accounts is significantly greater than money in the form of currency.
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Q8: M2 consists of M1 plus savings deposits,
Q9: A store of value is the function
Q10: A run on a bank occurs when
Q11: Modern paper money is fiat money because
Q12: Money that is backed solely by a
Q14: Money only consists of coins, paper money,
Q15: If banks decide to hold excess reserves,
Q16: Barter transactions involve a double coincidence of
Q17: A unit of account is the function
Q18: The lion's share of purchases and transactions
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