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1. Money can be many things, but it is not
A. a financial liability.
B. a financial asset.
C. liquid.
D. illiquid
2. The U.S. central bank (Fed) is a financial institution that
A. has the sole right to accept deposits and make loans.
B. has the sole right to issue currency.
C. sets borrowing and lending in a country.
D. determines what assets will back a currency.
3. Which of the following is not one of the functions of money?
A. Medium of exchange
B. Unit of account
C. Standard of economic well-being
D. Store of wealth
1. Money can be many things, but it is not
A. a financial liability.
B. a financial asset.
C. liquid.
D. illiquid
2. The U.S. central bank (Fed) is a financial institution that
A. has the sole right to accept deposits and make loans.
B. has the sole right to issue currency.
C. sets borrowing and lending in a country.
D. determines what assets will back a currency.
3. Which of the following is not one of the functions of money?
A. Medium of exchange
B. Unit of account
C. Standard of economic well-being
D. Store of wealth
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Mahe AlamLv10
15 Jan 2021