Which of the following statements is NOT correct?

Question

A. in a modern economy, bank deposits are the most important form of money;

B. an asset's liquidity is the ease with which it can be converted into money without loss;

C. cheques and credit cards are money;

D. the monetary base (M0) is the total notes & coins in circulation outside the central bank.

Answer 1

A is not true, and B is not quite accurate and therefore not true

C is true

D sounds correct