2013, the supply of money (M/l) in the United States was about In February $10,4

Question

2013, the supply of money (M/l) in the United States was about In February $10,412 billion. B. $2,472 billion C.$1,112 billion. D.$1,359 billion 71. To say that coins are "token moncy" means that A, their face value is equal to their intrinsic value 11 their face value is less than their intrinsic "ale C. they are not legal tender D. their face value is greater Chan thee intrinsc va 72. To say money is socially defined me A money has heen defined in a Ce soxciety, acting theough Congress, specifies what ehal be inchaded in the money supely the functions of moncry estremely well is comsidered to be money the money supply includes all-mdpri -tin punh d by 73 A $20 bill is a B Federal Reserve Note C. Treasury bill D. Treasury note 74. When the receipts given by goldnihs to de A existing banking laws were violatod B. the receipts became in effect paper ny C. the gold standard w make puchase was creatod 75. Most modorm banking sysioms ae d B. 100 porcent reserves C. money of intrinsic vala

Explanation / Answer

70.

2472 billion

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