Money Must Be Relatively Scarce If It Is To Have Value B Money Must Be Divisible

A. Money must be relatively scarce if it is to have value b. Money must be divisible and portable c. M1 is the narrowest measure of the money supply d. All of the above. An increase in our federal governments budget deficit will likely: a. increase the national debt b. increase interest rates c. decrease borrowing by households and businesses d. be less effective in stimulating the economy than the spending multiplier implies e. All of the above Anything can be money if it acts as a: a. unit of account b. store of value c. medium of exchange d. All of the above Which of the following statements is TRUE? A. Money must be relatively scarce if it is to have value b. Money must be divisible and portable c. M1 is the narrowest measure of the money supply d. All of the above. Which of the following statements is TRUE? Which of the following is NOT part of M1? A. Checking accounts b. Coins c. Credit cards d. Travelers checks Which of the following is NOT a function of the Federal Reserve

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