quiz 7 1 - Blackboard Learning System 12/10/08 5:00 PM Your...

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12/10/08 5:00 PM Blackboard Learning System Page 1 of 4 http://webct.csmd.edu/webct/cobaltMainFrame.dowebct View Attempt 1 of 3 Title: Lesson 7 Quiz (Required for course grade) Started: December 10, 2008 5:00 PM Submitted: December 10, 2008 5:00 PM Time spent: 00:00:03 Total score: 0/100 = 0% Total score adjusted by 0.0 Maximum possible score: 100 Done 1. To say money is socially defined means that: Student Response Value Correct Answer Feedback A. money has been defined in a Constitutional amendment. B. whatever performs the functions of money to a high degree is included in the money supply. C. the money supply includes all public and private securities purchased by society. D. society, acting through Congress, specifies what shall be included in the money supply. Score: 0/10 Comments: 2. If you are estimating your total expenses for school next semester, you are using money primarily as: Student Response Value Correct Answer Feedback A. a medium of exchange. B. a store of value. C. a unit of account. D. an economic investment. Score: 0/10 Comments: 3. Suppose that a bank's actual reserves are $5 million, its checkable deposits are $5 million, and its excess reserves are $3 million. The reserve requirement
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quiz 7 1 - Blackboard Learning System 12/10/08 5:00 PM Your...

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