Currency and Demand Deposits Are Money Because

question 57

Multiple Choice

Currency and demand deposits are money because:

• A)they are backed by a precious metal.
• B)the government asserts that they are.
• C)they are "resting" in a chartered bank vault.
• D)they can be redeemed for an intrinsically valuable commodity such as gold.

Understand the principles of social influence, including conformity and obedience.

Appreciate the interactive influence of personal and situational factors.

Understand the concept of mood contagion and how it affects interpersonal interactions.

Recognize the implications of mimicry and emotional support in social relationships.

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Definitions:

Agency System

A framework or structure within an organization that defines its operations, procedures, and roles for achieving its objectives.

Closed System

A system that does not interact with its environment and does not exchange matter or energy with the outside.

Disinfectant

A chemical substance used to eliminate or inhibit the growth of harmful microorganisms.

Prefix

A syllable or word placed at the beginning of another word to alter its meaning.