The Single Largest Category of Means of Payment in the United

question 267

Multiple Choice

The single largest category of means of payment in the United States is:

• A) currency.
• B) reserves held at the Fed.
• C) checkable deposits.
• D) savings deposits.

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Definitions:

12-volt Chassis

A vehicle or machinery framework that operates on a 12-volt electrical system, common in most passenger cars and light equipment.

Voltage Loss

The reduction in electrical potential across a conductor as electrical current flows through it, due to the impedance of the conductor.

Starter Solenoid

An electromagnetic switch that engages the starter motor of an engine, turning it over to initiate combustion.

Voltage Drop

The reduction in electrical voltage as it passes through a component or conductor, due to resistance or impedance in the circuit.