"Near monies" are
A) stocks, bonds, and real estate.
B) U.S.notes and Federal Reserve notes.
C) included in the M1 definition of the money supply.
D) liquid assets that are close substitutes for money.
E) All of these responses are correct.
Correct Answer:
Verified
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Q93: Fiat money is money
A)backed by land.
B)backed by
Q94: Money as defined by M1 includes
A)coins.
B)paper money.
C)checking
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Q98: Paper money has been in use since
Q99: The official definition of the money supply
Q100: Which of the following observations is not
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