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Chris M.
Chris M., M.S.W. Social Work
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1. precautionary cash balances a. are invested in insurance

Resolved Question:

1. precautionary cash balances:
a. are invested in insurance policies by people who are highly risk-averse.
b. were emphasized by classical writers on monetary theory.
c. are intended primarily for unexpected expenditures.
d. grow when individuals aquire personal lines of credit.

2. money is NOT:
a. a medium of exchange.
b. a standard of value.
c. a store of value.
d. the exclisive means of holding wealth.

3. the first bankers are:
a. goldmiths
b. printers
c. storekeepers
d. innkeepers
Submitted: 5 years ago.
Category: Homework
Expert:  Chris M. replied 5 years ago.
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