Currency and Demand Deposits Are Money Because

question 57

Multiple Choice

Currency and demand deposits are money because:

• A)they are backed by a precious metal.
• B)the government asserts that they are.
• C)they are "resting" in a chartered bank vault.
• D)they can be redeemed for an intrinsically valuable commodity such as gold.

Compare and contrast the features of major invertebrate groups.

Analyze the evolutionary significance of certain arthropod characteristics for their success.

Understand the composition and formulae of various ionic compounds.

Recognize and predict the formation of ions from their atomic constituents.

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Definitions:

Inferior Good

A type of good for which demand decreases as the consumer's income increases, contrasting with normal goods.

Less Durable

Describes goods or products that have a shorter usable lifespan before they degrade, wear out, or become obsolete.

Inferior Goods

Products whose demand decreases as the income of consumers increases, due to the availability of better or more desirable alternatives.

Income

The financial gain that an individual or business receives, typically through employment, investment, or business ventures.