Multiple Choice
What characteristic defines something as money?
A) assets declared by the government to be of value
B) a medium of exchange widely accepted in an economy
C) notes you can deposit in a savings account
D) an asset that earns interest
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q123: Which of the following is NOT a
Q124: When the Fed wants to undertake open
Q125: A system in which depository institutions hold
Q126: Money serves as a medium of exchange
Q127: The money supply that consists of currency,
Q129: Money market mutual funds are funds pooled
Q130: The transactions approach to measuring money includes<br>A)
Q131: Open market operations are<br>A) the buying of
Q132: Which of the following is responsible for
Q133: Financial intermediation is best defined as the