Which of the following is true-demand deposits and other, Ask an Expert

Economics

Which of the following is true?

-Demand deposits and other checkable deposits have replaced paper and metallic currency as the major source of money used for transactions in the united states.

-Credit cards are not money; they are substitutes for the use of money in echange.

-most of the money that we use for day-to-day transactions is not official legal tender.

-Our money is money because of confidence that we have in private financial institutions as well as our government.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91696211

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