Which approach to measuring money focuses on the value of currency, transaction deposits, and travelers checks?
A) the transactions approach
B) the liquidity approach
C) near moneys
D) M2

Question

Quizplus · Accepted Answer

The transactions approach to measuring money focuses on the mediums of exchange used in the economy, which includes currency, transaction deposits, and travelers checks. This approach emphasizes the role of money in facilitating transactions.

Which Approach to Measuring Money Focuses on the Value of Currency