Which of the Following Statements Is False

question 71

Multiple Choice

Which of the following statements is false?

• A) Currency is money,but money is more than just currency.
• B) M1 is a component of M2.
• C) Retail money market mutual funds are part of M2,but institutional money market mutual funds are not.
• D) Credit cards are money since they are widely accepted for purposes of exchange.
• E) Money reduces the transaction costs of making exchanges.

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Definitions:

Implicit Association Test

A psychological tool designed to measure a person's automatic and unconscious associations between different concepts.

Awareness

The state of being conscious or cognizant of something, including one's surroundings, feelings, or facts.

Shyness

A feeling of apprehension, lack of comfort, or awkwardness especially when a person is around other people, often characterized by a tendency to avoid social interactions.

Implicit Association Test

A psychological test designed to uncover unconscious or hidden biases by measuring the strength of associations between concepts.