Which of the following is true?
A) The U.S. money supply as defined by M1 consists of currency in the hands of the public.
B) Checks have become more important as a result of technological innovation.
C) Checks themselves are not money; the balances in checkable deposits are money.
D) The evolution of money and the payments system is often unrelated to the development of the economy.
Correct Answer:
Verified
Q51: When credit flows decline, DNFD
A)increases.
B)declines.
C)remains the same.
D)declines
Q52: Domestic nonfinancial debt (DNFD)
A)is a measure of
Q53: How do demand deposits differ from other
Q54: The difference between other checkable deposits and
Q55: In recent years, a new currency was
Q57: Smart cards differ from stored-value cards in
Q58: Which of the following is false?
A)Domestic nonfinancial
Q59: Which of the following is false?
A)The payments
Q60: An electronic funds transfer system
A)makes payments to
Q61: Which of the following is most liquid?
A)a
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