Multiple Choice
Checks are NOT money because they
A) are issued by banks, not by the government.
B) are merely instructions to transfer money.
C) have value in exchange but little intrinsic value.
D) are not backed by either gold or silver.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q455: Financial innovation is<br>A) the process of turning
Q456: Changing which of the following is a
Q457: If the interest rate is above the
Q458: The higher the nominal interest rate, the<br>A)
Q459: The First National Bank of Townville has
Q461: In August 2017, Sun Trust Bank has
Q462: According to the quantity theory of money,
Q463: The risk of making a loan is<br>A)
Q464: Which of the following is NOT a
Q465: Checking deposits at banks are<br>A) money.<br>B) not