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    Economics-Macroeconomics
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    Exam 8: Money, the Price Level, and Inflation
  5. Question
    Explain Which of the Following Count as Money
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Explain Which of the Following Count as Money

Question 240

Question 240

Essay

Explain which of the following count as money.
a) a check in Ann's checkbook
b) currency in Ann's bank
c) currency in Ann's purse
d) Ann's checking deposit

Correct Answer:

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Only parts (c), currency in Ann's purse,...

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