Savings deposits are near money because

savings passbooks are not accepted as payment

a check must be written for payment

their value fluctuates over time

The First Bank of the United States

achieved its goals, yet opponents convinced Congress not to renew the charter

failed to achieve Hamilton's goals and therefore it was dissolved

was dissolved by Andrew Jackson because he distrusted it

fell into mismanagement after Hamilton was killed by Burr

Quiz

Jeremy Allen 5 questions

Take the quiz

1A money that can be saved without losing its value over time acts as a
1. Afiat money
2. Bmedium of exchange
3. Cstandard of value
4. Dstore of value
2Savings deposits are near money because
1. Aa check must be written for payment
2. Bthey are stored in a bank
3. Csavings passbooks are not accepted as payment
4. Dtheir value fluctuates over time
3Which of the following properties best explains why gold has been used so often as money?
1. Auniformity
2. Bcurrency
3. Cportability
4. Dscarcity
4An economist who wanted to know how much money is available for Americans to spend today and in the near future would look at
1. AM2
2. BM1 plus M2
3. CM1
4. DM2 minus M1
5The First Bank of the United States
1. Afailed to achieve Hamilton's goals and therefore it was dissolved
2. Bachieved its goals, yet opponents convinced Congress not to renew the charter
3. Cwas dissolved by Andrew Jackson because he distrusted it
4. Dfell into mismanagement after Hamilton was killed by Burr