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.
1a) It is anything accepted in exchange for goods and services.
2 c)increases reserve requirements
e)sells government securities
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1. Which of the following statements is true of money? It is anything accepted in exchange...
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