macro/
hw
9
Chapter 9
1. Money eliminates the need for a coincidence of wants primarily through its use as a:
A. Unit of account
B.
Medium of exchange
C. Store of value
D. Standard of confidence
2. Checkable deposits are:
3. Paper money in the United States comes in the form of:
4. Which of the following would be considered to be the most liquid?
Use the following table to answer the next question(s) about the money supply given the following
hypothetical data for an economy.
5. Refer to the above table. The size of the
M
1 money supply is:
A. $1,940
B.
$2,080
C. $2,220
D. $2,730
This
preview
has intentionally blurred sections.
Sign up to view the full version.

This is the end of the preview.
Sign up
to
access the rest of the document.
- Spring '08
- WUNDER
- Economics, Monetary Policy, Federal Reserve System, Fractional-reserve banking
-
Click to edit the document details