To be considered money, a financial asset must be Group of answer choices a. Convertible into gold or silver. b. Serving as a medium of exchange, standard of value, and store of value. c. Coins, currency, or fractional reserve. d. Issued by the Federal Reserve System. e. Kept in banks.
To be considered money, a financial asset must be Group of answer choices a. Convertible into gold or silver. b. Serving as a medium of exchange, standard of value, and store of value. c. Coins, currency, or fractional reserve. d. Issued by the Federal Reserve System. e. Kept in banks.
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter14: Money And Banking
Section14.1: The Functions And Characteristics Of Money
Problem 1R
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26. To be considered money, a financial asset must be
Group of answer choices
a. Convertible into gold or silver.
b. Serving as a medium of exchange, standard of value, and store of value.
c. Coins, currency, or fractional reserve.
d. Issued by the Federal Reserve System.
e. Kept in banks.
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