Checkable deposits are:
A. legal tender.
B. near-money.
C. a medium of exchange.
D. token money.
Answer: C
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According to the simple quantity theory of money, which of the following variables are considered either constant or relatively stable?
A) V and Y B) Y and Ms C) P and Ms D) P and Y
The main proponent of the liberal view of poverty is
A. Charles Murray. B. William Julius Wilson. C. Nicholas Lemann. D. David Rogers.
The price of a bond with no expiration date is originally $1,000 and has a fixed annual interest payment of $150. If the price of the bond then falls by $100, what will be the interest rate yield to a new buyer of the bond?
A. 16.7% B. 11.2% C. 17.8% D. 15%
Which of the following is NOT a component of gross domestic product?
A) purchases by consumers of used goods B) government purchases C) net exports D) purchases by consumers of finished goods