Currency Includes

question 42

Multiple Choice

Currency includes

• A)paper money and coins.
• B)paper money,coins,and checks.
• C)paper money and checks.
• D)paper money,coins,checks,and savings deposits.

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Definitions:

Classical Economists

A group of 18th- and 19th-century economists who believed in the theory that markets operate best without government interference, focusing on the importance of free markets for economic development.

Quantity Theory

An economic theory that suggests the general price level of goods and services is directly proportional to the amount of money in circulation.

Laissez Faire

An economic philosophy advocating for minimal governmental intervention in the marketplace and the free operation of supply and demand forces.

Say's Law

The principle that supply creates its own demand, meaning production necessarily leads to an equivalent level of demand in the economy.