Economists use the term money to refer to:
A) income.
B) profits.
C) assets used for transactions.
D) earnings from labour.
Correct Answer:
Verified
Q5: People use money as a medium of
Q11: Macroeconomists call assets used to make transactions:
A)
Q14: A country that is on a gold
Q15: Currency equals:
A)M1.
B)the sum of funds in chequing
Q16: Open-market operations are:
A)Department of Finance purchases and
Q17: The central bank in Canada is the:
A)Royal
Q21: In a system with 100-percent-reserve banking:
A)all banks
Q24: The value of a bank's owners' equity
Q36: The money supply consists of:
A) currency plus
Q57: The minimum amount of owners' equity in
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