Currency and checkable deposits are:
A. debts of the Federal Reserve Banks or of financial institutions.
B. the major components of the M3 definition of the money supply.
C. of intrinsic value that determines the relative worth of money.
D. redeemable for gold and silver from the Federal Reserve System.
Answer: A
You might also like to view...
Which of the following does not hinder economic development?
a. low birth rates b. low saving c. lack of infrastructure d. low levels of technology e. the importance of tradition
Restrictions that limit sugar imports, subsidies for the construction of sports stadiums, and federal spending on programs like the construction of an indoor rain forest in Iowa all provide examples of government programs
a. based on careful analysis of benefits relative to cost. b. designed to redistribute income from the rich to the poor. c. that reflect the political attractiveness of special-interest issues. d. that promote the general welfare.
The principal lag for monetary policy
a. and fiscal policy is the time it takes to implement policy. b. and fiscal policy is the time it takes for policy to change spending. c. is the time it takes to implement policy. The principal lag for fiscal policy is the time it takes for policy to change spending. d. is the time it takes for policy to change spending. The principal lag for fiscal policy is the time it takes to implement it.
Derived demand is a demand for
A. final goods and services. B. products. C. resources. D. goods produced by perfect competitors.