Checks are NOT money because they
A: are issued by banks, not by the government.
B: are merely instructions to transfer money.
C: have value in exchange but little intrinsic value.
D: are not backed by either gold or silver.
A: are issued by banks, not by the government.
B: are merely instructions to transfer money.
C: have value in exchange but little intrinsic value.
D: are not backed by either gold or silver.
举一反三
- The role of money that does not cause the demand for money is ( ). A: Standard of value B: Means of exchange C: Means of payment D: Store of value
- The bad money in the law of bad money expelling good money refers to ( ). A: A money whose nominal value is higher than its real value B: A money whose nominal value is lower than their real value C: Money with no nominal value D: Money with no real value
- ______ is involving a small amount of money or something of little value or importance.
- Money serves all of the following basic functions except _____. A: medium of barter B: medium of exchange C: measure of value D: store of value
- Items owned by a business that have money value are known as .