Hard money:
A) is the least narrow definition of money.
B) includes cash.
C) cannot always be used in transactions immediately, but is accessible.
D) is not very liquid.
Correct Answer:
Verified
Q45: When banks hold excess reserves the:
A) money
Q46: A bank run is:
A) the situation that
Q47: If the money multiplier is approximated to
Q48: If the reserve ratio is 5 percent,
Q49: If people decide to hold some of
Q51: The Fed classifies different types of money
Q52: The definition of M1 includes:
A) cash and
Q53: The smaller the reserve ratio the:
A) less
Q54: If the reserve ratio is 20 percent,
Q55: The money supply is the amount of
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