Money includes
A) currency.
B) checking deposits held by households and firms.
C) deposits in the foreign exchange markets.
D) currency and checking deposits held by households and firms.
E) futures and deposits in the foreign exchange market.
D
You might also like to view...
If virtual currencies grow significantly in popularity, a potential threat is the ability of end users to:
a. Avoid paying taxes. b. Engage in illegal activities without detection. c. Increase demand without changes in a nation's "official' money supply figures. d. All of the above are true.
Between 1968 and 2008 the percentage share of income that went to the top quintile
A. fell substantially. B. fell somewhat. C. stayed about the same. D. rose substantially.
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD1 the result in the long run would be:
A. P4 and Y1. B. P4 and Y2. C. P5 and Y1. D. P5 and Y2.
What is one way to avoid money illusion?
What will be an ideal response?