Worksheet 5 - Introduction to Macroeconomics Econ...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Introduction to Macroeconomics Econ 104a,c,d,e,f, - Spring 2010 Worksheet 5 – Money, Due in Discussion Thurs 3/11 or Fri 3/12 1. What are the characteristics of Money? (3) The characteristics of money are the medium of exchange, the store of value, the unit of account and the standard of deferred payment. 2. What makes up the demand for Money? (3) Demand for money is seen into three categories: transaction demand, precautionary demand, and speculative demand. Money demand is allowed to change, and it is affected by increased in Income. 3. What is money in the U.S.? Money that is considered in the U.S. is currency, traveler’s checks, and checking accounts (debit cards). 4. Are Credit Cards Money? Why or why not? Credit cards are not money because it is something the user “promised to pay”, you only need to pay the credit card with money when the bill is due and sometimes people do not pay on time. 5.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

Worksheet 5 - Introduction to Macroeconomics Econ...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online