Prior to financial deregulation, the store of value and medium of exchange functions of money were maintained separate among asset classes because the regulatory agencies
A) precluded the payment of interest by checking accounts.
B) allowed the payment of interest by checking accounts.
C) specifically prohibited money market stock funds.
D) allowed the payment of interest on passbook savings accounts.
A
You might also like to view...
The development of interchangeable parts by Eli Whitney and Simeon North allowed:
a. a. firms to better implement continuous-process manufacturing. b. producers to reduce production costs and increase supply. c. for easier and cheaper repair of damaged goods. d. All of the above.
A company can have exchange rate exposure
A) even if it does not have foreign holdings. B) only if it has foreign holdings. C) under a fixed exchange rate regime and not under a flexible exchange rate regime. D) none of these choices.