Which statement about nontransaction deposits is true?
a. They must be converted before they can be used to make a payment.
b. They are the same thing as demand deposits.
c. Economists agree that they are forms of money.
d. They are part of the M1 definition of money.
a. They must be converted before they can be used to make a payment.
You might also like to view...
Based on the data in the table above, what is the average product of labor when Decent Donuts employs five workers?
A) 16.66 dozen donuts per day B) 17.2 dozen donuts per day C) 20 dozen donuts per day D) 22 dozen donuts per day
The figure above shows a monopolistically competitive firm in the short run. During the transition to the long run, the demand curve will shift ________ and the MR curve will shift ________
A) leftward; leftward B) leftward; rightward C) rightward; leftward D) rightward; rightward
If the market for a product is narrowly defined, then there are likely to be many substitutes for the product and the demand for the product is relatively elastic
Indicate whether the statement is true or false
Household production is more likely to occur when
a. it requires few specialized resources b. technology makes it more costly than market production c. tax avoidance is undesirable d. less control over the final product is desirable e. the opportunity cost of household production is high