A checking account entry is money because it
A) is ensured by the Federal Deposit Insurance Corporation.
B) has been declared as such by the federal government.
C) performs the functions of money.
D) can be sold for currency.
Correct Answer:
Verified
Q28: Money market deposit accounts are included in
A)
Q29: Small-denominated time deposits, by definition
A) mature in
Q30: Paper money (currency) in the United States
Q31: Assuming no other changes, if checkable deposits
Q32: Currency in circulation is part of
A) M1
Q34: The difference between M1 and M2 is
Q35: Near monies
A) include all financial and real
Q36: Coins in people's pockets and purses are
A)
Q37: The near-money components of M2 are
A) equally
Q38: The M2 money supply includes
A) stock certificates.
B)
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