The U.S. fiduciary monetary system
A. puts capital controls in place.
B. is the one agency responsible for providing coins and paper currency.
C. controls the private banking system.
D. is one where money is not convertible to a valuable commodity such as gold.
Answer: D
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The marginal propensity to consume (MPC) is the
A. percentage by which disposable income increases when consumption increases by 1%. B. percentage by which consumption increases when disposable income increases by 1%. C. amount by which disposable income increases when consumption increases by $1. D. amount by which consumption increases when disposable income increases by $1.
Among the liabilities of a bank are its
A) transaction deposits. B) total reserves. C) excess reserves. D) loans.
Keynesians believe that velocity of money is stable and predictable
Indicate whether the statement is true or false
The net worth of a bank is
A. equal to the value of assets. B. equal to the value of deposits. C. equal to the value of liabilities. D. the value of assets less liabilities. E. the value of loans and securities.