Which of the Following Is True

question 50

Multiple Choice

Which of the following is true?

• A)​Demand deposits and other checkable deposits have replaced paper and metallic currency as the major source of money used for transactions in the United States.
• B)​Credit cards are not money; they are substitutes for the use of money in exchange.
• C)​Most of the money that we use for day-to-day transactions is not official legal tender.
• D)​all of the above

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Definitions:

Natural Log

The logarithm to the base e, where e is an irrational constant approximately equal to 2.71828, often used in mathematics, physics, and engineering.

Risk Averter

An individual who prefers outcomes that are certain over those with any level of risk, usually willing to accept lower returns to avoid uncertainty.

Expected Value

A calculated average outcome of a random variable, considering all possible outcomes and their probabilities.

Natural Log

A logarithm to the base e (where e is approximately 2.71828), used extensively in mathematical, economic, and scientific applications.