Which of the following is the best definition of money?
A) anything generally accepted as a payment for goods or repayment of debt
B) anything that is a liability of the federal government
C) anything that is a liability of a commercial bank
D) coins and currency in the hands of the public
Correct Answer:
Verified
Q47: From a new deposit in a checking
Q48: One reason why gold and silver coins
Q49: One point virtually all economists agree on
Q50: M1 includes:
A)cash and travelers' checks.
B)cash, checking account
Q51: Which of the following is not a
Q53: One major problem with some commodity monies
Q54: Which of the following backs our money
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
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