Checkable deposits are money because they are:
a. Acceptable as payment
b. Fiat money
c. Token money
d. Legal tender
Answer: a. Acceptable as payment
You might also like to view...
The goal of utilitarians is to
a. apply the logic of individual decision making to questions concerning morality and public policy. b. measure happiness and satisfaction. c. redistribute income based on the assumption of increasing marginal utility. d. All of the above are correct.
The Fed's principal decision-making body, which directs buying and selling U. S. government securities, is known as the:
a. Federal Open Market Committee. b. Federal Deposit Insurance Corporation. c. District Board of Governors. d. Reserve Requirement Regulation Conference.
Which one of the following statements about water pricing in the United States is true?
a. As most water utilities are monopolies, they tend to make excessive profits b. Water prices are normally set according to the average cost of providing water c. Water prices are normally set according to the marginal water cost of providing water d. Water prices are normally set according to the interaction of supply and demand e. Water prices fluctuate significantly based on changes in seasonal demands
The business cycle is best defined as alternating periods of increases and decreases in the level of economic activity.
Answer the following statement true (T) or false (F)