Checkable deposits are money because they are:
a. Acceptable as payment
b. Fiat money
c. Token money
d. Legal tender
Answer: a. Acceptable as payment
Economics
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Costs to the firm arising from reaching agreements on input prices with suppliers and then ensuring that terms of agreements are fulfilled, are called
A) negotiation costs. B) agency costs. C) transactions costs. D) implicit costs.
Economics
Deposits in European banks denominated in dollars for the purpose of international transactions are known as
A) Eurodollars. B) European Currency Units. C) European Monetary Units. D) International Monetary Units.
Economics