Multiple Choice
For anything to be considered money it must be
A) a mystical token, such as whale teeth.
B) a token, such as a green piece of paper.
C) either a commodity or a token, as long as it is generally accepted as a means of payment.
D) a valuable commodity, such as gold.
E) used in barter transactions.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The Banks of the Mississippi has excess
Q3: When people make deposits of currency into
Q4: The process of money creation by the
Q5: The monetary base is equal to<br>A)Federal Reserve
Q6: The goal of a commercial bank is
Q7: Required reserve ratios are the minimum amount
Q8: Which statement most accurately captures the state
Q9: If the Fed increases the discount rate,<br>A)commercial
Q10: If the desired reserve ratio is 7
Q11: The amount of loans that a bank