Multiple Choice
Paper money
A) has a high intrinsic value.
B) is the primary medium of exchange in a barter economy.
C) is valuable because it is generally accepted in trade.
D) is valuable only because of the legal tender requirement.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Demand deposits are a type of<br>A)checking account.<br>B)time
Q12: Given the following information,what are the <img
Q13: John and Jane decide to go on
Q14: Economists equate money with<br>A)individual wealth.<br>B)income regularly earned.<br>C)assets
Q15: Which of the following defer payments?<br>A)credit cards
Q17: The money stock in the economy is<br>A)the
Q18: Currently,U.S.currency is<br>A)fiat money with intrinsic value.<br>B)fiat money
Q19: Which of the following statements is correct?<br>A)All
Q20: Prisoners sometimes determine a single good to
Q21: Treasury Bonds are<br>A)liquid,but not a store of