Multiple Answer Question: Select ALL of the following statements that are false:
A. Money is a store of value, even if its purchasing power is relatively unstable over time. p 27 (26)
B. The ease with which an asset can be exchanged for money or other assets is referred to as liquidity. p 27 (26)
C. Credit money is any circulating medium which has little intrinsic value relative to its monetary value. p 27 (32)
D. In the future, electronic funds transfer systems may be used to such an extent that a virtually checkless society may result. p 33 (32)
Answer:A
Multiple Answer Question: Select ALL of the following statements that are false:
A. Money is a store of value, even if its purchasing power is relatively unstable over time. p 27 (26) B. The ease with which an asset can be exchanged for money or other assets is referred to as liquidity. p 27 (26) C. Credit money is any circulating medium which has little intrinsic value relative to its monetary value. p 27 (32) D. In the future, electronic funds transfer systems may be used to such an extent that a virtually checkless society may result. p 33 (32)