Approximately the percentage of U.S. public debt held by the foreigners is: 56%

Question

Approximately the percentage of U.S. public debt held by the foreigners is: 56% 71% 43% 29% Money functions as: store of value unit of account medium of exchange all of these If you are estimating total expenses for the next semester, you are using money as: medium of exchange store of value economic investment unit of account If you place a part of summer earnings in a savings account, you are using money as: medium of exchange unit of account store of value all of these The paper money used in the United States is: Treasury notes United State notes National Bank notes Federal Reserve notes In the US, money supply MI is comprised of: coins, paper currency & checkable deposits coins, checkable deposits & saving accounts paper currency, gold certificates and gold bars time deposits, saving accounts & coins. Currency held in the vaults of First National Bank is: counted as a part of MI counted as part of M2 but not MI counted as double of the amount not counted as part of money supply. When the face value of coins is greater than their intrinsic value, they are called: fake money unreal money illegal money token money Checkable deposits are: included in MI not included in either MI or M2 called time deposits considered to be a near money. Time deposits of $ 100,000 or more are: components of MI components of M2, but not MI component of MI, but not of M2 not a component of either MI or M2. The purchasing power of money and price level vary: inversely directly during recessions only proportionately directly but not proportionately.

Explanation / Answer

20.

a. coins, paper currency and checkable deposits

M1 does not include assets such as saving and time deposits

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