Multiple Choice
Which of the following statements is false?
A) Currency is money,but money is more than just currency.
B) M1 is a component of M2.
C) Retail money market mutual funds are part of M2,but institutional money market mutual funds are not.
D) Credit cards are money since they are widely accepted for purposes of exchange.
E) Money reduces the transaction costs of making exchanges.
Correct Answer:
Verified
Correct Answer:
Verified
Q66: Bank capital equals assets minus liabilities.
Q67: Explain why it is not necessary for
Q68: To an economist,the terms "money" and "wealth"
Q69: Prior to 2008,the Fed _ interest on
Q70: Excess reserves are the amount by which
Q72: Which of the following represents a double
Q73: Fractional reserve banking originated<br>A) when the United
Q74: A bank's assets are $400 million and
Q75: When people in a barter economy began
Q76: In the Yap civilization of the South