Explain Which of the Following Count as Money

question 240

Essay

Explain which of the following count as money.
a) a check in Ann's checkbook
b) currency in Ann's bank
c) currency in Ann's purse
d) Ann's checking deposit

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Definitions:

Tariffs

Taxes imposed by a government on imported or exported goods, usually to protect domestic industries or to generate revenue.

Foreign Products

Goods or services produced in one country and sold in another, outside of their country of origin.

Duties

Taxes imposed on the import and export of goods.

Protective Tariff

A tax imposed on imports to protect domestic industries from foreign competition by making imported goods more expensive.