Multiple Choice
A savings account functions as
A) a unit of account.
B) a store of value.
C) a medium of exchange.
D) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q34: When money is used to buy a
Q35: A bank's business is to turn its
Q36: Ninth National Bank holds $200 million in
Q37: In which situation are transaction costs most
Q38: The first bankers were<br>A) sheriffs.<br>B) goldsmiths.<br>C) clergy.<br>D)
Q40: A bank has $50,000 in excess reserves
Q41: Total bank reserves equal<br>A) checkable deposits +
Q42: M2 includes M1 plus all of the
Q43: In the history of banking,warehouse receipts refer
Q44: Bank ABC's reserve account at the Federal