During the bank panics of the Great Depression the currency ratio
A) increased sharply.
B) decreased sharply.
C) increased slightly.
D) decreased slightly.
A
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According to the U.S. Secret Service, approximately $2.6 billion of U.S. paper currency in circulation is counterfeit
Undetected counterfeit currency which is spent and circulated in the marketplace is an example of the counterfeit currency being used as a A) medium of exchange. B) store of value. C) commodity money. D) bank reserve.
Deposits in savings accounts are included in
A) M1. B) M2. C) both M1 and M2. D) neither M1 nor M2.
The lemons model suggests that owners will have superior information about the quality of their cars and incentives to conceal it, to which buyers will respond by lowering their bids
Indicate whether the statement is true or false
A good example of the government commandeering resources is
a. government subsidizing road construction b. the Pharaohs building the pyramids c. Bill Gates creating Windows 95 with a government issued patent d. Thomas Edison inventing the light bulb e. government taxing Disneyland