33. The reason we accept checkbook money as \"money\" in the US is because (a) u

Question

33. The reason we accept checkbook money as "money" in the US is because (a) unlike US currency, US checkbook money is backed by gold (b) the FDIC guarantees checkbook money (e) US consumers and business firms willingly exchange goods and services for US checkbook money (d) all of the above the value of US 34. If the US government offered to sell S1 bills for 50 cents (only on July 4), the demand curve for SI bills on July 4 (at the 50 cent price) would become (a) perfectly vertical (inelastic) (b) perfectly horizontal (elastic) (c) perfectly curved (unit elastic) (d) upward sloping 35. Loans and investments made by banks are not counted in the US GDP measure because these activities do not result in the production of domestic goods (i.e., domestic product).

Explanation / Answer

Ans 33)

Option C is correct response because FDIC guarentees Bank deposits

Ans 34)

Option B is correct response as opportunity cost is higher hence for every price change we halarfer change in quantity

Related Questions

Navigate

• Browse (All)
• Browse 3
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.