Checkable deposits are money because
A) they are protected by the Federal Reserve.
B) they are guaranteed by banks.
C) checks bounce when there are not enough funds to cash them.
D) they can be converted into currency on demand and are used directly as a means of payment.
E) only banks and other financial institutions can offer them.
D
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Answer the next question based on the following supply and demand schedules in units per week for a product.PriceQuantity DemandedQuantity Supplied$601004005014034040180280302202202026016010300100If demand increased by 100 units at each price level, and the government set a price ceiling of $40, then there will be
A. a surplus. B. no shortage or surplus. C. decrease in supply. D. a shortage.
Real GDP is GDP
A) in current-year prices. B) in base-year prices. C) in GDP-prices. D) in that year's prices.
What does it mean when someone says that the U.S. dollar has depreciated or the U.S. dollar has appreciated? Give an example of each case using the euro and the U.S. dollar
Please provide the best answer for the statement.
As the tax rate decreases, the absolute value of the tax multiplier
A. increases. B. does not change. C. decreases. D. could either increase or decrease depending on the value of the MPC.