Multiple Choice
The "double coincidence of wants" is
A) what is needed to use money.
B) eliminated with the use of money.
C) eliminated when we barter instead of using money.
D) how value is stored when we transact with money.
E) money's role as a unit of account.
Correct Answer:

Verified
Correct Answer:
Verified
Q166: Money serves as a<br>A)means of payment,legal obligation,and
Q167: The required reserve ratio is 10 percent
Q168: The monetary base is the sum of<br>A)Federal
Q169: Money must be _ which includes the
Q170: The interest rate the Federal Reserve charges
Q172: Which of the following financial institutions does
Q173: When the Fed sells $100 million of
Q174: The required reserve ratio is the minimum
Q175: Suppose you use your debit card to
Q176: "To count as required reserves,the reserves must