Multiple Choice
Which of the following is NOT considered a function of money?
A) It facilitates exchange.
B) It acts as a means of payment.
C) It can be held and exchanged for future goods and services.
D) It allows banks to lend out funds.
Correct Answer:
Verified
Correct Answer:
Verified
Q195: The opportunity cost of holding money balances
Q196: The smaller the currency drain, the<br>A) smaller
Q197: The quantity of money that people choose
Q198: Whenever a bank's actual reserves exceed its
Q199: The U.S. historical evidence<br>A) generally supports the
Q201: The discount rate is the interest rate
Q202: Depository institutions<br>A) make profit from the spread
Q203: A medium of exchange is<br>A) an object
Q204: When the nominal interest rate rises, the
Q205: Cigarettes served as money in some POW