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.Management Sciences
Category: Money, Interest Rates And Output
Money is ?
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A. The value of all coins and currency in circulation at any time
B. Anything that is generally accepted as a medium of exchange
C. The same as income
D. All of the above
In terms of the demand for money the interest rate represents ?
A. the rate at which current consumption can be exchanged for future consumption
B. the price of borrowing money
C. The opportunity cost of holding money
D. the return on money that is saved for the future
The three main tools of monetary policy are ?
A. fiat, commodity and deposit money
B. Open-market operations reserve requirements and the refinancing rate
C. The money supply, government purchases and taxation
D. Government expenditures taxation and reserve requirements
E. Coin, currency and demand deposits
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