Most payments in the United States for goods and services are made using
A) currency.
B) checking account deposits.
C) traveler's checks.
D) gold.
Answer: B
You might also like to view...
Use the following graph to answer the next question. 
The massive increase in government spending during World War II moved the economy in the span of a few short years from mass unemployment and price stability to "overfull" employment. This situation can be best illustrated in the figure above as a ________.
A. shift from AD2 to AD1 B. movement along AD1 from Q4 to Q1 C. movement along AD2 from Q2 to Q3 D. shift from AD1 to AD2
Which of the following reasons explain why a natural monopoly might exist?
A. The government has banned other firms from entering the market. B. The good or service is not proprietary. C. Extremely high start-up costs. D. A cartel owns the natural resource.
If the percentage increase in the quantity supplied is greater than the percentage increase in the price, the supply:
A. is perfectly elastic. B. is elastic. C. is inelastic. D. is unit elastic.
The real power within the Federal Reserve lies with the
A) Council of Economic Advisors. B) Council of Monetary Advisors. C) Board of Governors. D) Federal Reserve District banks.