An item that is used as money, but which also has value from its use as something other than money is                   .

11. Currently, deposits are insured by the FDIC up to ___________ per depositor per bank.   Question 11 options:   a)  $1,000,000.   b)  $250,000.   c)  $10,000.   d)  $100,000.

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3. Money held by the public that includes demand deposits is measured as (A) M1 (B) M2 (C) MO (D) Fiat money (E) Commodity money

Which of the following is a function of money? A) Means of production B) Source of natural resources C) Medium of exchange D) Indicator of social status Don't use any tech only do if you are sure otherwise be ready for bunch of dislike

Answer in detail 1) Given the following three examples of means of payment, among them, which is/are money? and provide your reason.  Cash Credit card Gift card 2. Why can a certain amount of money not buy happiness?

1. Explain the differences between commodity money and fiat money. What are the major disadvantages of commodity money?

11. The monies that are very liquid such as cash, checkable (demand) deposits, and traveler's checks are considered to be

Money as a means of payments refers only to: a. Actual currency b. Coins and currency c. Coins, currency and credit cards d. Anything that is generally accepted as payment for goods and services

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