Multiple Choice
If individuals will no longer take a currency as a method of payment,is it still considered to be money?
A) Yes, because the government identifies it as legal tender.
B) Yes, because one of the characteristics of money is that it can be also used as a measure of value.
C) No, because one of the main characteristics necessary for something to serve as money is that it must be generally acceptable.
D) No, because it becomes just a commodity.
Correct Answer:

Verified
Correct Answer:
Verified
Q50: When can the process of money creation
Q51: Why does gold work better than bananas
Q52: Financial institutions act as intermediaries between savers,who
Q53: If banks desired a 100 percent reserve
Q54: Which of the following is NOT a
Q56: If a bank has a reserve ratio
Q58: Credit cards should be included in M2
Q59: Which of the following events would tend
Q60: Assume the desired reserve ratio is 10
Q139: Savings accounts are the most liquid of