Multiple Choice
For a commodity or token to be money it must
A) be accepted in exchange for all other goods and services.
B) have a double coincidence of wants.
C) be backed by government precious metals,like gold.
D) be paper.
E) be issued by the government or a government agency.
Correct Answer:
Verified
Correct Answer:
Verified
Q140: M2 consists of<br>A)M1 plus traveler's checks.<br>B)M1 plus
Q141: The Fed is a central bank and
Q142: Physical currency is _ popular than e-cash,_.<br>A)less;and
Q143: The president of which Federal Reserve Bank
Q144: If the desired reserve ratio decreases,then<br>A)banks' desired
Q146: If the Fed makes an open market
Q147: Excess reserves are the<br>A)same as the required
Q148: A bank has reserves of $50,deposits of
Q149: M2 equals<br>A)M1 and is just another name
Q150: An increase in the currency drain ratio<br>A)decreases