Question 41 0 out of 1 pointsWhich of the following characteristics of money allows people to postpone purchases and save their money to do so? Selected Answer: PortabilityAnswers: AcceptabilityImitabilityStabilityDivisibilityPortability Question 42 0 out of 1 points_____ refers to companies performing banking functions of some sort that are not regulated by banking regulators.
Question 43 1 out of 1 points_____ permit payments such as deposits or withdrawals to be made to and from a bank account by magnetic computer tape. Question 44 0 out of 1 pointsA savings account at a credit union is commonly referred to as a(n) _____.
Question 45 0 out of 1 pointsWhich of the following actions did the Federal Reserve take during the financial crisis of 2007-2008? Selected Answer: It compensated all investors who lost money in the crisis.Answers: It bought troubled assets from banks and lent money at the discount window to nonbanks.It issued a directive to keep all information regarding derivative products confidential.It compensated all investors who lost money in the crisis.It kept the discount rates high to discourage borrowing.It gave a directive to change the management of the banks that had to be bailed out. Question 46 0 out of 1 points_____ or time deposits are accounts with funds that can be withdrawn only with advance notice. Question 47
1 out of 1 points To be effective, money must be readily received for the purchase of goods and services and for the settlement of debts. Which of the following characteristics of money does this statement reflect? Question 48 1 out of 1 points_____ are preferred over currency for many transactions due to their lower risk of loss.
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- Fall '16
- carey winset
- Business, Balance Sheet