One Reason That near Monies Are Important Is Because

question 87

Multiple Choice

One reason that near monies are important is because

• A)they simplify the definition of money and therefore the formulation of monetary policy.
• B)they can be easily converted into money or vice versa, and thereby can influence the stability of the economy.
• C)they do not reflect the level of consumer spending but they have a critical impact on saving and investment in the economy.
• D)credit cards synchronize one's expenditures and income, thereby reducing the cash and checkable deposits one must hold.

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