Question

1. Which of the following statements is true of money? It is anything accepted in exchange...

1. Which of the following statements is true of money?

It is anything accepted in exchange for goods and services.

It is not a gold-backed currency.

It is not readily convertible to precious metal.

It needs to be accompanied by a government "note" or promise to be considered valid.

It is exclusively dispatched through automated teller machines.

2. There is an increase in economic activity when the Federal Reserve Board:

Group of answer choices

does the hokey-pokey.

raises the discount rate.

increases reserve requirements.

relaxes credit controls.

sells government securities.

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Answer #1

1a) It is anything accepted in exchange for goods and services.

2 c)increases reserve requirements

e)sells government securities

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