Question
Answer the following The following is not counted as part of the stock of money today: Checkable deposits in commercial banks Currency and coins held
Answer the following
The following is not counted as part of the stock of money today:
| Checkable deposits in commercial banks |
| Currency and coins held by you. |
| Bitcoins |
| Checkable deposits in your credit union account. |
A U.S. Treasury Bill that pays $10,000 in six months is more valuable than a U.S. Treasury Bill that pays $10,000 in three months.
True | |
False |
When an asset is described as being liquid, it means that
| It is relatively easy to convert the asset into precious metals such as gold or silver. |
| The asset functions well as a hedge against a rising price level and a fall in the purchasing power of money. |
| It serves as a imperfect store of of value. |
| It is easily converted into purchasing power without any loss of value. |
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