By issuing checks, debit cards, and credit cards, banks:
a. increase the transaction costs in the economy.
b. decrease the transaction costs in the economy.
c. increase the liquidity of assets in the economy.
d. decrease the liquidity of assets in the economy.
b
Economics
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Money can BEST be described as:
A) anything that is generally accepted as payment for goods and services or in the settlement of debts. B) paper that can be used to purchase goods and services C) commodities that have intrinsic value D) any form of wealth possessed by consumers
Economics
One common example of a price floor is the minimum wage
a. True b. False Indicate whether the statement is true or false
Economics