Federal funds given to the states in lump sums are referred to as _____. a)block grants B)income distribution C)workfare D)food stamps

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Federal funds given to the states in lump sums are referred to as: a)block grants.

Expert answered|andrewpallarca|Points 14769|

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Asked 9/25/2012 3:25:21 PM

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“Objects that have value in themselves and that are also used as money” is the definition for _____. A)commodity money B)representative money C)fiat money D)money

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Asked 9/18/2012 11:35:33 AM

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What is anything that is used to determine value during the exchange of goods and services called? A)store of value B)unit of account C)barter D)medium of exchange User: The fractional banking system _____. A)only works if there are a limited number of banks B)makes banking more secure C)ensures growth in the economy D)prevents excessive defaults

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Asked 9/18/2012 11:45:41 AM

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Which one of the following is not one of the four most common ways people can save money in banks? A)checking accounts B)fractional reserves C)certificates of deposit D)money market accounts

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Asked 9/18/2012 2:34:26 PM

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When was the first Bank of the United States formed by the Federalists? A)in the late eighteenth century B)after the Civil War C)in the first quarter of the D)nineteenth century during the American Revolution

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Asked 9/18/2012 2:43:09 PM

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“Objects that have value because the holder can exchange them for something else of value” defines _____. A)fiat money B)portability C)representative money D)commodity money

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Updated 9/19/2012 11:50:03 PM

8 Answers/Comments

jeifunk

simplekaren89, please don't post duplicate answers.

Added 9/19/2012 3:39:21 AM

commodity money

Added 9/19/2012 4:02:46 AM

jozene11

representative money

Added 9/19/2012 11:12:10 PM

jozene11

portability

Added 9/19/2012 11:12:50 PM

Karenwinx

c. representative money- a representative money means Something that is not in the physical form of currency, but represents the intent to pay money

Added 9/19/2012 11:50:03 PM

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