Money: Only has a function of a medium of exchange represents banknotes, coins, deposits, money market instruments, rep agreements and debt securities with a maturity of less than two years represents stocks and bonds is the same as wealth

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter12: Money And Banking
Section: Chapter Questions
Problem 10E
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Question 22
Money:
b
Only has a function of a medium of exchange
represents banknotes, coins, deposits, money market instruments, repurchase
agreements and debt securities with a maturity of less than two years
represents stocks and bonds
is the same as wealth
Transcribed Image Text:Money: b Only has a function of a medium of exchange represents banknotes, coins, deposits, money market instruments, repurchase agreements and debt securities with a maturity of less than two years represents stocks and bonds is the same as wealth
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