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Author Question: Which of the following is the best definition of money? a. anything generally accepted as a payment ... (Read 87 times)

bclement10

  • Hero Member
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on: Jun 30, 2018
Which of the following is the best definition of money?
 a. anything generally accepted as a payment for goods or repayment of debt
  b. anything that is a liability of the federal government
 c. anything that is a liability of a commercial bank
 d. coins and currency in the hands of the public

Question 2

The secondary credit of the discount rate is usually lower than the primary credit, because it is intended for banks in good financial condition.
 a. True
  b. False
  Indicate whether the statement is true or false


Joy Chen

  • Sr. Member
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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

False


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