Which of the following observations is true of nontransaction deposits?
A) They can be directly used to buy goods and services.
B) They generally pay lower interest rates than transaction deposits.
C) Depositors can directly write checks against them.
D) They satisfy the formal definition of money.
E) They are available in the form of savings accounts and time deposits.
Correct Answer:
Verified
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
Q33: Which of the following is the best
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
Q39: Paper money in the U.S. is:
A)fiat money.
B)more
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents