The primary reason people hold money is
a. to keep wealth in a less liquid form.
b. to use it as a medium of exchange.
c. to use it for investment.
d. to earn interest.
b
Economics
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"Banks make a profit by paying depositors a high rate to attract funds and making loans at a low rate to encourage borrowing." Is the previous statement correct or not?
What will be an ideal response?
Economics
Treasury bonds are ________ issued by the federal government when it borrows money.
A. derivative securities B. private stocks C. promissory notes D. certificates of deposit
Economics