A money that can be saved without losing its value over time acts as a
fiat money
medium of exchange
standard of value
store of value
Savings deposits are near money because
a check must be written for payment
they are stored in a bank
savings passbooks are not accepted as payment
their value fluctuates over time
Which of the following properties best explains why gold has been used so often as money?
uniformity
currency
portability
scarcity
An economist who wanted to know how much money is available for Americans to spend today and in the near future would look at
M2
M1 plus M2
M1
M2 minus M1
The First Bank of the United States
failed to achieve Hamilton's goals and therefore it was dissolved
achieved its goals, yet opponents convinced Congress not to renew the charter
was dissolved by Andrew Jackson because he distrusted it
fell into mismanagement after Hamilton was killed by Burr
