To say "money is what money does" means that
A) money has been defined in a Constitutional amendment.
B) whatever performs the functions of money extremely well is considered to be money.
C) the money supply includes all public and private securities purchased by society.
D) society, acting through Congress, specifies what shall be included in the money supply.
Correct Answer:
Verified
Q10: If you write a check on a
Q11: When economists say that money serves as
Q12: In defining money as M1, economists exclude
Q13: Purchasing groceries using a debit card best
Q14: As of March 2019, the supply of
Q16: In the United States, the money supply
Q17: Currency (paper money plus coins) constitutes about
A)
Q18: Money functions as
A) a store of value.
B)
Q19: The paper money used in the United
Q20: Currency held in the vault of First
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