Describe each of the four functions of money and provide an example of how money serves these roles.
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Q47: M1 consists of
A)coins, paper currency, and travelers
Q48: Which of the following statements is true?
A)Assets
Q49: A bill is introduced into Congress proposing
Q50: The demand for U.S.currency increased in the
Q51: Most U.S.currency is held by
A)U.S.citizens.
B)banks.
C)the Federal Reserve.
D)foreigners.
Q53: M1 - coins and currency - amount
Q54: Credit cards are
A)not counted as money because
Q55: Dividing the amount of U.S.currency in circulation
Q56: Suppose your bank lowers its minimum balance
Q57: Aaron takes $100 out of his checking
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