A main function of money is to avoid the problem of double coincidence of wants.This is the
A) medium of exchange function.
B) unit of account function.
C) standard of deferred payment function.
D) store of value function.
E) standard of credit function.
Correct Answer:
Verified
Q131: About how many commercial banks are operating
Q132: Statement I: Welfare banks are check-cashing outlets.
Statement
Q133: In a fractional reserve banking system
A)commercial banks
Q134: Precautionary cash balances
A)are invested in insurance policies
Q135: A financial intermediary is
A)a firm that specializes
Q137: Statement I: Welfare banks are set up
Q138: Which of the following is not a
Q139: In the fractional reserve banking system
A)only a
Q140: The precautionary demand for money originates in
A)people's
Q141: The quantity of money held by typical
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