In the United States, currency holdings per person average about
A) $125; one explanation for this relatively small average is that many people use credit and debit cards to make transactions.
B) $125; one explanation for this relatively small average is that U.S. citizens hold a lot of foreign currency.
C) $3,700; one explanation for this relatively large amount is that criminals probably prefer currency as a medium of exchange.
D) $3,700; one explanation for this relatively large average is that U.S. citizens hold a lot of foreign currency.
Correct Answer:
Verified
Q1: Which of the following is correct?
A)The Federal
Q10: Which of the following institutions is a
Q17: The Federal Reserve
A)was created in 1913.
B)is the
Q67: Which of the following is included in
Q79: Which of the following is included in
Q86: Credit cards
A)defer payments.
B)are a store of value.
C)have
Q91: One surprising thing about the U.S.money stock
Q99: Given the following information, what are the
Q100: If traveler's checks were $500 higher and
Q105: In the U.S., the average adult holds
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