Question 1 Precautionary cash balances:A. are invested in insurance policies by

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 acquire personal lines of credit.Question 2 Money is NOT:A. a medium of exchange.B. a standard of value.C. a store of value.D. the exclusive means of holding wealth.Question 3 The first bankers were:A. goldsmiths.B. printers.C. storekeepers.D. innkeepers.Question 4 One of the main results of the Depository Institutions Deregulation and Monetary Control Act of 1980 may be to:A. lessen the number of financial institutions in the United States.B. increase the number of financial institutions in the United States.C. discourage the formation of big nationwide all-purpose financial institutions.D. make it easier for the member banks to borrow money from the Federal Reserve District Banks.