Demand deposits and other checkable deposits

Assignment Help Business Economics

Reference no: EM13986347

Which of the following is true?

-Demand deposits and other checkable deposits have replaced paper and metallic currency as the major source of money used for transactions in the united states.

-Credit cards are not money; they are substitutes for the use of money in echange.

-most of the money that we use for day-to-day transactions is not official legal tender.

-Our money is money because of confidence that we have in private financial institutions as well as our government.

Reference no: EM13986347

Questions Cloud

Increased government purchases-expansionary monetary policy : -When increased government purchases or expansionary monetary policy does give the economy a boost, no one knows precisely how long it will take to do so. Given difficulties of timing and stabilization policy, an expansionary monetary policy intended..

How far will bottom of second spring move downward : If the object of mass 2m is attached to the bottom of the second spring, how far will the bottom of the second spring move downward from its outstretched position? Assume the masses of the springs are negligible when compared to m.

Discuss how the web has evolved through the years : Discuss how the Web has evolved through the years, first with individuals going to the Web as a resource for information and pulling that information down to their computers to what it is today, where individuals are actively participating in the con..

Verify that the project is economically attractive : Consider the following investment project with a useful life of 8 years. The marketing department estimates that 10,000 units of the proposed product can be sold per year. Verify that the project is economically attractive (before-tax) at a 12% MARR ..

Demand deposits and other checkable deposits : Demand deposits and other checkable deposits have replaced paper and metallic currency as the major source of money used for transactions in the united states. -Credit cards are not money; they are substitutes for the use of money in echange. most of..

Important to understand risk and compromise : True or false? It's more important to understand risk and compromise than it is to use strong passwords. True False

Federal reserve uses to affect money supply : Examine in depth the four methods that the Federal Reserve uses to affect money supply. In each case, what must the Federal Reserve do to increase the supply of money? Which of these methods is most important?

Construct a flexible budget performance report : Construct a flexible budget performance report that would be useful in assessing how well costs were controlled in this department.

Explain why you believe the learning approach : Use specific examples from the description as well as at least one scholarly source to explain why you believe the learning approach you chose would be an effective model for early childhood education.

User Account

All Pages