Which of the following is true?
A) Demand deposits and other checkable deposits have replaced paper and metallic currency as the major source of money used for transactions in the United States.
B) Credit cards are not money; they are substitutes for the use of money in exchange.
C) Most of the money that we use for day-to-day transactions is not official legal tender.
D) all of the above
Correct Answer:
Verified
Q196: Which of the following combinations would have
Q197: Suppose you found $10,000 hidden under a
Q198: Suppose you found $5,000 hidden in your
Q199: Suppose you found $10,000 hidden under a
Q200: If banks faced a 100 percent reserve
Q202: Which of the following is true?
A)The FDIC
Q203: An increase in currency in circulation would
Q204: If the required reserve ratio was increased,
Q205: An increase in demand deposits would _
Q206: Uncertainty may cause banks to hold larger
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