Homework Answers
(1) Money can be a financial asset, financial liabilities, liquid. But it cannot be illiquid.
Answer: Option (D)
(2) The central bank of US (i.e., Fed) has the sole right to issue currency.
Answer: Option (B)
(3) Money act as a medium of exchange, store value and unit of account. Standard of economic well being is not a function of Money.
Answer: Option (C)
(4) M1 consists cash holds by public and checking account deposit.
Answer: Option (C)
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