Until the Uruguay Round of trade negotiations, which of the following sectors were NOT included in the rules for international trade?

Answer the following statement(s) true (T) or false (F)

1.Currency in the United States is backed by the gold standard. 2.Banks create money by paying interest on deposits. 3.bank that loans $1,000 to a borrower, who then deposits the money in a bank account, has created $1,000 in new money. 4.Banks use their secondary reserves to make loans. 5.A bank with a money multiplier of 4 receives a deposit of $12,000. From that deposit, it has the potential to create $48,000.

In economics, the demand for money is basically a demand for

A. status. B. liquidity. C. investment. D. high returns.