Multiple Choice
A medium of exchange is
A) anything that is generally accepted in exchange for goods and services.
B) a common measurement in which relative values are expressed.
C) an item's ability to hold value over time.
D) the exchange of goods and services for other goods and services.
E) both a and d
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Refer to Exhibit 12-4.How much bank capital
Q4: A "money market deposit account" is a(n)<br>A)
Q5: To an economist,credit cards _ money.When a
Q6: Bank A has checkable deposits of $800,000
Q7: To a bank,a loan the bank has
Q9: According to the textbook,L.Frank Baum,the author of
Q10: A moral hazard problem occurs before a
Q11: Barter is<br>A) the exchange of money for
Q12: Total reserves are<br>A) equal to required reserves
Q13: To a bank,checkable deposits are classified as