The objects that we use as money today are
A) checks and credit cards.
B) currency and checks.
C) currency and deposits.
D) deposits and checks.
E) currency, deposits, and gold.
C
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Keynesians:
a. accept the countercyclical policy of doing nothing, that is, allowing market forces to work. b. believe that the level of aggregate demand in the 1930s was sufficient to generate full employment. c. accept the fact that policymakers should eliminate inflation first before focusing on unemployment. d. focus on increasing aggregate demand in order to stimulate the economy. e. were prepared for the events that beset our economy in the 1970s and 1980s.
Which of the following facilitates the movement of checks across the country?
a. Board of Governors b. Treasury Department c. Federal Open Market Committee d. Federal Reserve Banks e. Department of Commerce
The Federal Reserve System first began operations in:
A. 1934 B. 1914. C. 1789. D. 1865.
If a monopolist is producing the quantity at which marginal revenue equals marginal cost, it should
A. increase price and keep output unchanged if it wants to maximize profits. B. reduce output if it wants to maximize profits. C. increase output if it wants to maximize profits. D. continue to produce this amount if it wants to maximize profits.