Even though we can convert them into money, deposits at banks are ...

[Tirant22]

Even though we can convert them into money, deposits at banks are not money. Is the previous statement correct or not?
 
  What will be an ideal response?

Question 2

The preceding table gives monthly production information for Peter's Peanuts, a firm in a perfectly competitive industry. The market price of peanuts is 2.00 per pound. What is the marginal product from employing the fourth worker?
 
  A) 7 pounds of peanuts
  B) 100 pounds of peanuts
  C) 400 pounds of peanuts
  D) 2,800 pounds of peanuts

[Benayers]

Answer to Question 1

The statement is incorrect. Some deposits at banks, such as checking account deposits, are a means of payment and fulfill all the functions of money. These deposits are therefore money.

Answer to Question 2

C

[Tirant22]

Thanks for the timely response, appreciate it

[kthug]

TYSM