CH 24 Money Price Inflation - University of Lethbridge Department of Economics ECON 1012 Introduction to Macroeconomics Instructor Michael G Lanyi CH 24

CH 24 Money Price Inflation - University of Lethbridge...

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University of Lethbridge Department of Economics ECON 1012 Introduction to Macroeconomics Instructor: Michael G. Lanyi CH 24 Money Price Inflation 1)Money is A)currency plus coins.B)the same as gold.C)equivalent to barter.D)currency plus credit cards plus debit cards.E)a means of payment. Topic: What Is Money? 2)Which of the following best fits the definition of money? Topic: What Is Money? 3)If you can find someone to swap what you have for what you want, then Topic: What Is Money? 4)Without money to act as a medium of exchange, Topic: What Is Money? 5)Money's function as a unit of account can best be described as A)an agreed measure for stating the prices of goods and services.B)an entry in an accounting ledger.C)a method of recording transactions.D)a generally accepted medium of exchange.E)a commodity that can be exchanged for another commodity. Topic: What Is Money? 1
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6)Which one of the following is nota function of money? measure of liquidity E) means of payment Topic: What Is Money? 7)Which of the following is a function of money? Topic: What Is Money? 8)Money's function as a store of value can best be described as something that can be held and exchanged later for goods and services. Topic: What Is Money?
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