Some Nonmonetary Assets Are Called near Money Because They

question 36

Multiple Choice

Some nonmonetary assets are called near money because they:

• A)are controlled by the Federal Reserve.
• B)earn about the same interest rate as money.
• C)have nearly the same liquidity as money.
• D)generate the same velocity as money.

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Definitions:

Specific Profession

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General Licensing

Licensing in which all individuals within a specific profession or group, such as paralegals, must meet licensing requirements imposed by the state in order to legally practice their profession.

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The process of officially recording or enrolling an individual, company, or organization with state authorities for legal recognition or to obtain certain rights.