If you gave your friend a gift of a corporate bond, such as a $100 General Motors bond, your friend would have a gift of
a. M1 money
b. M2 and fiat money
c. specie
d. near money
e. not money
D
Economics
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The required reserve ratio
A) is the amount of money that banks require borrowers to reserve in their accounts. B) is the fraction of a bank's total deposits that is required to be held in reserves. C) increases when withdrawals from a bank are made. D) is higher for banks that make riskier loans.
Economics
The price of one good compared to the price of other goods refers to:
A. Relative price. B. Inflation. C. Deflation. D. The income effect.
Economics