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    Exam 8: Money, the Price Level, and Inflation
  5. Question
    "Even Though We Can Convert Them into Money, Deposits at Banks
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"Even Though We Can Convert Them into Money, Deposits at Banks

Question 291

Question 291

Essay

"Even though we can convert them into money, deposits at banks are not money." Is the previous statement correct or not?

Correct Answer:

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The statement is incorrect. So...

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