Which of the following is true regarding
financial assets?
(A) Bond prices increase when interest
rates increase
(B) Checkable deposits are not a medium
of exchange because they have low
liquidity
(C) M1 money includes everything in M2
and also savings accounts, CDs, and
money market funds
(D) Money serves as a medium of
exchange, a unit of account, and a
store of value
CE) Bond are also called equities and
represent ownership in a corporation
