Multiple Choice
According to the text, several different financial assets and instruments have served as a medium of exchange or means of making payments in recent years. Which instrument listed below is not considered a means of making payments or a medium of exchange?
A) Checking accounts
B) NOW accounts
C) Negotiable certificates of deposit
D) Debit cards
E) Credit cards
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The _ is designed for the making
Q2: The construction of office buildings, highways, schools
Q3: One of the most important functions of
Q4: The financial services area where payments accounts
Q6: The most significant barriers to 24-hour worldwide
Q7: To gain access to the money market
Q8: The payments function of the financial system
Q9: The primary task of a financial system
Q10: In early 2009, more than $67 trillion
Q11: What functions of the financial system do