Commodity money refers to
A) gold.
B) silver.
C) fiat money.
D) bank reserves.
E) any asset of intrinsic value that is generally accepted as a means of payment.
Correct Answer:
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Q26: In Macroland,there is $10,000,000 in currency.The public
Q27: If the reserve-deposit ratio is less than
Q28: Bank reserves are
A) currency and customer chequing
Q29: When bank reserves exactly equal bank deposits,the
Q30: The M1 measure of money consists of
Q32: In Macroland,there is $2,000,000 in currency.The public
Q33: The desired reserve-deposit ratio is equal
A) 10%
Q34: In Econland,all $5,000,000 in currency is held
Q35: The M2 measure of money consists of
Q36: In Econland,all $15,000,000 in currency is held
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