Utility Is

question 110

Multiple Choice

Utility is

• A)the value of a good.
• B)the additional satisfaction received from consuming another unit of a good.
• C)the benefit or satisfaction from consuming goods and services.
• D)the practical usefulness of a good.
• E)equal to the price of a good.

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Definitions:

M1

A category of the money supply that includes all physical money like coins and currency along with demand deposits and other liquid assets held by the central bank.

Currency

The monetary system commonly utilized within a specific nation.

Free Check-Cashing Services

Services provided without a fee to convert checks into cash.

Welfare Banks

Financial institutions typically focused on social welfare goals, offering inclusive financial services aimed at enhancing the living standards of the underprivileged.