Which of the following is not one of the functions of money?
A) unit of account
B) means of deferred payment
C) encouraging people to barter
D) medium of exchange
Correct Answer:
Verified
Q55: The idea behind money as a standard
Q56: Which of the following is not included
Q57: "Near monies" are:
A)included in the M1 definition
Q58: Fiat money has value because:
A)it is backed
Q59: The difference between M1 and M2 is
Q61: The process of money creation can be
Q62: A depositor cannot directly write checks against:
A)demand
Q63: If the reserve requirement is 15 percent
Q64: Fractional reserve banking takes its name from
Q65: A bank may hold secondary reserves, such
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