Multiple Choice
Money serves as a unit of account when:
A) it is used to purchase goods and services.
B) it is a basic measure of economic value.
C) it is a means of holding wealth.
D) there is a double coincidence of wealth.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q90: When the Fed sells government securities, the
Q91: Credit card balances are not considered to
Q92: A banking panic is an episode in
Q93: If bank reserves are 200, the public
Q94: The money supply in Macroland is currently
Q96: Double coincidence of wants is avoided if
Q97: When money is used as a means
Q98: If M stands for the money stock,
Q99: 100 percent reserve banking refers to a
Q100: Bank depositors will not lose their deposits