Checks and credit cards are NOT considered money because they
A) are issued by banks, not the Federal Reserve.
B) are not the means of payment.
C) typically require an identification requirement, such as your driver's license.
D) are not backed by all commercial banks.
B
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A key resource is a material:
A) that is unlimited in supply. B) that is rationed by the government. C) that is available to monopolies only. D) that is essential for the production of a good.
Refer to Table 19-18. What is the GDP deflator in 2011 if 2016 is the base year?
A) 187 B) 87 C) 8.7 D) 0.87
What is the difference between equity instruments and debt instruments?
What will be an ideal response?
One financial intermediary in our financial structure that helps to reduce the moral hazard from arising from the principal-agent problem is the
A) venture capital firm. B) money market mutual fund. C) pawn broker. D) savings and loan association.