Which of the Following Statements Is True

question 20

Multiple Choice

Which of the following statements is true?

• A) A savings deposit is not counted in the most basic,or narrow,definition of the money supply.
• B) M1 is sometimes referred to as transactions money.
• C) Money reduces the transaction costs of making exchanges.
• D) b and c
• E) a,b,and c

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Definitions:

Breach Of Contract

The failure to fulfill the terms or conditions of a contract without a lawful excuse.

Usury Laws

Statutes and regulations intended to protect consumers by limiting the amount of interest that can be charged on a loan.

Oral Contract

An agreement between parties that is made through spoken words and is legally binding, though not written.

Unliquidated Debt

A debt for which the parties either dispute the fact that any money is owed or agree that some money is owed but dispute the amount.