�建 Microsoft Word �档

�建 Microsoft Word �档 - CHAPTER 13 1....

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CHAPTER 13 1. Money is anything: A) That can be used to barter. B) That a government declares to have value. C) That has value. D) Generally accepted as a medium of exchange. 2. Currency in circulation is included in: A) M1 only. B) M2 only. C) M3 only. D) All of the above. 3. Traveler's checks are included in: A) M1. B) M2. C) M3. D) All of the above. 4. Suppose Mike withdraws $100 from his checking account and deposits it into his savings account. This transaction causes M1 to: A) Increase by $100 and M2 to remain the same. B) Decrease by $100 and M2 to remain the same. C) Decrease by $100 and M2 to increase by $100. D) Remain the same and M2 to increase $100. 5. Which of the following is included in M3? A) All of the items in M1. B) All of the items in M2. C) Time deposits, greater than $100,000. D) All of the above. 6. Liquidity refers to: A) The rate at which money flows through the economy. B) The ease with which an item of value can be converted into cash.
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This note was uploaded on 04/11/2011 for the course ECO 2251 taught by Professor Kirkland during the Fall '09 term at Troy.

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�建 Microsoft Word �档 - CHAPTER 13 1....

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