____ Is an Object in Use as a Medium of Exchange

question 180

Multiple Choice

____ is an object in use as a medium of exchange, but which also has a substantial value in alternative uses.

• A)IOU 
• B)A commodity money 
• C)Fiat money 
• D)Deposit certificate

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Definitions:

Aggregate Demand

The total call for goods and services throughout an economy, calculated at a predetermined price level during a given time period.

U.S. Financial Institutions

Organizations that provide financial services, such as banks, insurance companies, and stock exchanges, within the United States.

Bonds

A rephrased definition: Fixed-income investments that represent loans made by an investor to a borrower, typically corporate or governmental.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate reflection of an economy's size and how it's growing over time.