Which of the following is not money?
a. currency
b. travelers' checks
c. demand deposits
d. savings bonds
e. NOW accounts
D
You might also like to view...
Is it ever rational for unions to strike if they know that their members will never be able to make up for the wages they lose during the strike? Explain
According to behavioral economists, precommitments:
A. help people overcome their self-control problems caused by time inconsistency. B. do not fundamentally alter decisions because they do not change the benefits or costs of a particular action. C. end up being more costly as people regularly violate them and incur penalties. D. overcome cognitive biases introduced by brain System 2.
Which of the following describes the degree of control that the Fed has over the money supply?
A) The Fed has substantial control over the money supply. B) The Fed has absolute control over the money supply. C) The Fed has no control of the money supply. D) The Fed is not concerned about the level of the money supply, and does not attempt to control it.
A one-year Treasury bill with an annual yield of 10 percent and a price of $909.09 has a face value of
A) $900. B) $1,000. C) $980. D) $1,020.