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Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088 Exercise 9
For each of the following, state whether it is considered money in the United States. Explain why or why not.
a. A check you write against deposits you have at Bank USA.
b. Brazilian reals.
c. The available credit you have on your MasterCard.
d. Reserves held by banks at the Federal Reserve Bank.
e. Federal Reserve notes in your wallet.
f. Gold bullion.
g. Grocery store coupons.
a. A check you write against deposits you have at Bank USA.
b. Brazilian reals.
c. The available credit you have on your MasterCard.
d. Reserves held by banks at the Federal Reserve Bank.
e. Federal Reserve notes in your wallet.
f. Gold bullion.
g. Grocery store coupons.
Explanation
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Financial institutions are part of finan...
Macroeconomics 8th Edition by David Colander
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