O In the Secondary Markets securities are continuously resold. The following are correct statements about the concept of Money, and current forms of Money in the economy, EXCEPT: O Money is anything widely accepted as a medium of exchange. The most important quality of Money is its Liquidity. US Dollars are fiat money, and legal tender for USA transactions. Bitcoin is a new potential form of money that is limited in availability, and traded in a decentralized system. lling MOST of the financial funds in USA. The following are true general statements about Financial Instruments and Trading Markets, EXCEPT: Stocks are considered more risky type of investmet than Bonds. O Stock holders are residual claimants. Stocks are only traded in the Primary Markets. In the Secondary Markets securities are continuously resold.
O In the Secondary Markets securities are continuously resold. The following are correct statements about the concept of Money, and current forms of Money in the economy, EXCEPT: O Money is anything widely accepted as a medium of exchange. The most important quality of Money is its Liquidity. US Dollars are fiat money, and legal tender for USA transactions. Bitcoin is a new potential form of money that is limited in availability, and traded in a decentralized system. lling MOST of the financial funds in USA. The following are true general statements about Financial Instruments and Trading Markets, EXCEPT: Stocks are considered more risky type of investmet than Bonds. O Stock holders are residual claimants. Stocks are only traded in the Primary Markets. In the Secondary Markets securities are continuously resold.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:O In the Secondary Markets securities are continuously resold.
The following are correct statements about the concept of Money, and current forms
of Money in the economy, EXCEPT:
O Money is anything widely accepted as a medium of exchange.
The most important quality of Money is its Liquidity.
US Dollars are fiat money, and legal tender for USA transactions.
Bitcoin is a new potential form of money that is limited in availability, and traded
in a decentralized system.
Transcribed Image Text:lling MOST of the financial funds in USA.
The following are true general statements about Financial Instruments and Trading
Markets, EXCEPT:
Stocks are considered more risky type of investmet than Bonds.
O Stock holders are residual claimants.
Stocks are only traded in the Primary Markets.
In the Secondary Markets securities are continuously resold.
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