Which is NOT considered money?
A. Checking account balances
B. Debit cards
C. Currency and coin
D. Traveler's checks issued by non-banks
B. Debit cards
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The Glass-Steagall Act, before its repeal in 1999, prohibited commercial banks from
A) issuing equity to finance bank expansion. B) engaging in underwriting and dealing of corporate securities. C) selling new issues of government securities. D) purchasing any debt securities.
If a market system is functioning well, we can conclude that goods with
a. high opportunity costs tend to have high money costs. b. low opportunity costs tend to have high money costs. c. high opportunity costs tend to have low money costs. d. low opportunity costs tend to have zero money costs. e. high opportunity costs tend to have zero money costs.
Which of the following is most likely to be a monopoly?
a. The local fast-food restaurant b. The local electricity distributor c. The local bathroom fixtures shop d. The local television broadcaster
GDP per capita is:
A. Total GDP multiplied by total population. B. Total GDP divided by total population. C. Total output divided by total labor force. D. The percentage change in real GDP from one period to another.