A) both a store of value and a medium of exchange.
B) a store of value,but not a medium of exchange
C) a medium of exchange,but not a store of value.
D) neither a store of value nor a medium of exchange.
F) None of the above
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A) demand deposits
B) corporate bonds
C) large time deposits
D) money market mutual funds
F) All of the above
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A) currency
B) demand deposits
C) savings deposits
D) All of the above are included in both M1 and M2.
F) All of the above
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A) commodity money is a medium of exchange but fiat money is not.
B) fiat money is a medium of exchange but commodity money is not.
C) commodity money has intrinsic value but fiat money does not.
D) fiat money has intrinsic value but commodity money does not.
F) A) and C)
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verified
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verified
A) a medium of exchange,a unit of account,and a store of value.
B) a medium of exchange and a store of value,but not a unit of account.
C) a store of value and a unit of account,but not a medium of exchange.
D) a store of value,but not a unit of account nor a medium of exchange
F) None of the above
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A) people are more likely to accept the dollar as a medium of exchange.
B) the government must hold enough gold to redeem all currency.
C) people may not make trades with anything else.
D) All of the above are correct.
F) A) and D)
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verified
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verified
A) commodity money,but do not function as a unit of account.
B) commodity money and function as a unit of account.
C) fiat money,but do not function as a unit of account.
D) fiat money and function as a unit of account.
F) A) and C)
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A) M1 but not M2.
B) M1 and M2.
C) M2 but not M1.
D) neither M1 nor M2.
F) A) and D)
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verified
A) M1 but not M2.
B) M2 but not M1.
C) M1 and M2.
D) neither M1 nor M2.
F) B) and C)
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verified
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verified
A) a medium of exchange.
B) a unit of account.
C) a store of value.
D) liquidity.
F) A) and C)
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A) it is a store of value.
B) it is a medium of exchange.
C) it is a unit of account.
D) it has intrinsic value.
F) C) and D)
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A) defer payments.
B) are a store of value.
C) have led to wider use of currency.
D) are part of the money supply.
F) B) and C)
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A) You are a precious-metals dealer,and you are always aware of how many ounces of platinum trade for an ounce of gold.
B) You sell items on eBay,and your prices are stated in terms of dollars.
C) You keep 6 ounces of gold in your safe-deposit box at the bank for emergencies.
D) None of the above is correct.
F) C) and D)
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A) a medium of exchange.
B) counted as part of M2 but not as part of M1.
C) important for analyzing the monetary system.
D) All of the above are correct.
F) B) and C)
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A) a unit of account
B) a store of value
C) medium of exchange
D) All of the above are correct.
F) A) and D)
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verified
A) media of exchange.
B) units of account.
C) stores of value.
D) All of the above are correct.
F) None of the above
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A) currency
B) demand deposits
C) other checkable deposits
D) All of the above are correct.
F) A) and B)
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A) $110.
B) $300.
C) $2,450.
D) $4,490.
F) A) and C)
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A) those items that can be readily accessed and used to buy goods and services.
B) currency only.
C) currency plus all bank accounts.
D) currency plus all bank accounts plus bonds.
F) All of the above
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A) is worthless.
B) has no intrinsic value.
C) may be used as a medium of exchange,but is not legal tender.
D) refers to highly liquid assets that do not serve as a medium of exchange.
F) A) and D)
Correct Answer
verified
Correct Answer
verified
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