Subject to a few legal and practical restrictions,anything may be exchanged for anything else.The distinctive advantage of money is that ________.
A) it is likely to retain its value,whether it is kept or exchanged
B) it has little,if any,use other than exchange
C) it can generate income while it is kept
D) it is likely to be accepted by everyone in exchange for anything
E) none of the above
Correct Answer:
Verified
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A)may serve the monetary function of
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A)is
Q16: Open Market operations consist mainly of _.
A)the
Q17: The most liquid asset is _.
A)stocks
B)bonds
C)cash
D)real estate
E)none
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