All of the following are considered money in the United States EXCEPT:
A. credit cards.
B. checking account balances.
C. currency.
D. travelers' checks.
Answer: A
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Referring to Figure 19.2, the effect of an increase in U.S. prices is represented by a movement from point
A) a to d. B) d to a. C) c to b. D) b to a.
For a natural monopoly, the efficient quantity is produced when the firm is regulated so that
A) P = ATC. B) P > ATC. C) P = MC. D) P > MC. E) P < MC.
Which of the following does not influence the natural rate of unemployment in the U.S.?
A) demographics B) the natural rate in Europe and Japan C) the composition of the labor force D) surprises in productivity growth
The price of a good is
A) always equal to the cost of producing the good. B) never affected by the number of buyers and sellers. C) usually determined in a market. D) None of the above.