Multiple Choice
Credit cards
A) represent the largest component of M1.
B) are not included in M1 but are included in M2.
C) are a form of money unique to the U.S.
D) are not considered money.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Paper dollars<br>A)are commodity money and gold coins
Q5: Fiat money<br>A)has no intrinsic value.<br>B)is backed by
Q6: Jim transfers money from his money market
Q7: M1 includes<br>A)currency.<br>B)demand deposits.<br>C)traveler's checks.<br>D)All of the above
Q8: Which of the following is included in
Q10: Given the following information,what are the <img
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