Which of the following best illustrates the unit of account function of money? Select one: O a. all are correct O b. you pay for your theatre tickets O c. you hold currency even though you don't plan to spend it right away O d. you list prices for candy sold on your website

Q: True or False: Credit cards are included in the M2 definition of money. O True O False upction 21

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Q: Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation

A: Role of MoneyMedium of ExchangeUnit of AccountStore of ValueShen can easily determine that the price…

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Q: Which of the following is an example of fiat money? Oa U.S. one-hundred dollar bill O a government…

A: Answer: Correct option: A (a U.S. one-hundred dollar bill) Explanation: Fiat money refers to the…

Q: Bank pass book is also known as

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Q: Which of the following is money?

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Required Reserve and Excess Reserve Analysis

A required reserve is an amount of cash that banks must keep with themselves, which is certain percentage of the deposits made by their customers. Required reserve is a percentage of the bank's deposits that the respective bank must have on each overnight. The percentage rate is set and determined by the nation’s central bank. It is important to have such funds accumulated to meet its uncertain obligations, sudden liabilities and withdrawals. Required reserve is also known as reserve ratio. Reserve ratio is an important tool to control the money supply.