It Cannot Be Said of the 1920s That

question 65

Multiple Choice

It cannot be said of the 1920s that

• A)the Democratic Party enjoyed a late resurgence.
• B)it was a period of tremendous consumer growth.
• C)it fostered bigotry.
• D)it generated a lot of criticism among intellectuals and artists.
• E)working-class and rural Americans benefited little from the prosperity.

---

Definitions:

Transaction Demand

The requirement to possess currency in order to carry out daily financial transactions.

Medium of Exchange

An intermediary instrument or system used to facilitate the sale, purchase, or trade of goods between parties.

Measure of Value

A function of a medium of exchange that allows it to serve as a common denominator to express the value of goods and services.

Demand Deposits

Bank accounts from which deposited funds can be withdrawn at any time without any notice to the institution, such as checking accounts.