Economists estimate that ________ of U.S.currency is outside the United States and held primarily by ________.
A) over half; households and firms in countries where there is little confidence in the local currency
B) over half; foreign banks and foreign governments
C) less than one quarter; households and firms in countries where there is little confidence in the local currency
D) less than one quarter; foreign banks and foreign governments
Correct Answer:
Verified
Q48: The supply of money is easier to
Q49: Using the five criteria in the book,explain
Q50: The largest proportion of M1 is made
Q51: Money cannot serve as a medium of
Q52: If gold is used as money in
Q54: The Federal Reserve's narrowest definition of the
Q55: If the Federal Reserve decided to include
Q56: An economy without money would have no
Q57: Which of the following is not counted
Q58: Money will fail to serve as a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents