QUESTION 1 1. Checks money and credit cardsmoney. are: are are not; are are not;

Question

QUESTION 1 1. Checks money and credit cardsmoney. are: are are not; are are not; are not are: are not QUESTION 2 1. Checks money and checking depositsmoney. are; are are; are not are not; are are not; are not QUESTION 3 1. An open market purchase of securities by the Fed decreases banks' reserves and increases banks' securities decreases banks' total assets. involves a bank purchasing government securities from the Fed. increases banks' reserves and decreases banks' securities. " QUESTION 4 1. During periods of inflation, which function of money is most severely affected? means of payment store of value medium of exchange unit of account

Explanation / Answer

Dear Student, only one question is allowed at a time.

1) Checks are financial instruments issed by a bank and allows the issuer of the check to transfer monetary benefits to the receiver of the check. Checks are money.

Credit cards are obligations which are payable at their due dates. They allow their users to pay for their expenses in non cash form and the dues in the card are to be paid at a specific date. Credit cards are not money.

So, option D is the correct option.

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

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