Which function of money is best served by bitcoin?   A. A medium of exchange   B. A unit of account   C. A store of value

Your answer is incorrect. The economy of Greatstown currently has $60.00 million worth of currency in circulation, $2.00 million worth of traveler's checks, $5.00 million in small time-deposits, and $30.00 million in savings deposits. Total M1 is equal to $120.00 million. Calculate the amount of checkable deposits in Greatstown: 58000000

If banks require 10% of transaction deposit in reserve, How much is the required reserve? How much is the excess reserve?

which of the following is included in M1? a. traveler's check b. money market deposit accounts c. saving accounts d. money market mutual funds e. none of the above

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Does m2 , m1 or m3 include current deposit at bank ??

Celine, another manager at a different branch of MillerBank in a different region of the country, faces a reserve requirement of 10%. She has excess reserves 0f $1000. What’s the maximum amount that she could increase the money supply?   a.500 dollars b.1000 dollars c.10000 dollars d.100 dollars e.2000 dollars

Which of the following is not one of the three functions of money? Medium of Exchange Credit for Consumption Store of Value O Unit of Account

What are bank reserves?   a.Deposits that are held in the form of gold reserves  b.The fraction of deposits kept as currency that are not used for lending purposes c.The value of the owner’s equity in the bank d.The value of investments a bank keeps in excess of the value of deposits  e.The sum of all loans a bank makes to borrowers

Considering the criteria of being a medium of exchange, a unit of account and a store of value, which one/s of the following items potentially serve as money?   A MasterCard  A Peercoin  Salt  Coffee cups