Which Statement Is True

question 108

Multiple Choice

Which statement is true?

• A)Currency accounts for about ¾ of our money supply.
• B)The use of money requires a double coincidence of wants.
• C)M2 is over $8.5 trillion.
• D)None of the statements are true.

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Definitions:

Single Phase

In the context of electrical engineering, it refers to the distribution of electric power using a system in which the power is supplied by a single alternating current source.

Multiphase

Pertaining to processes, systems, or tasks that occur or are executed in several distinct stages.

Unlimited Queue

A theoretical concept where the queue or line of customers or items waiting for service can grow indefinitely without any bounds.

Negative Exponential

A statistical distribution often used to model the time between independent events that happen at a constant average rate.