Which of the following is the best definition of money?
A) Anything generally accepted in exchange for goods and services
B) Anything that is a liability of the federal government
C) Anything that is a liability of a commercial bank
D) Anything that depositors can access on demand by simply writing checks
E) Anything that is an asset of a commercial bank
Correct Answer:
Verified
Q28: Rapid inflation makes holding a large amount
Q29: Which of the following assets is the
Q30: Near monies are:
A)included in the M1 definition
Q31: Legal tender is fiat money because it
Q32: The problem of double coincidence of wants
Q34: Which of the following observations is true
Q35: Money as a means of deferred payment
Q36: Identify the correct statement.
A)Paper and metallic currency
Q37: Money almost always serves as the standard
Q38: A depositor cannot directly write checks against:
A)demand
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