# Comparing how many dollars it takes to attend college

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Chapter 21 / Exercise 1
Essentials of Economics
Mankiw
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17.Comparing how many dollars it takes to attend college each year to annual earnings on a job representsthe use of money as a:a.medium of exchange.c.store of value.b.unit of account.d.store of coincidence.ANS:B
PTS:1DIF:ModerateNAT:BUSPROG: AnalyticTOP:What Makes Money Money?KEY:Bloom's: Comprehension18.The statement that Computech's profits totaled \$500 million last year represents the use of money as a:
PTS:1DIF:EasyNAT:BUSPROG: AnalyticTOP:What Makes Money Money?KEY:Bloom's: Comprehension19.Which of the following is nota store of value?
PTS:1DIF:EasyNAT:BUSPROG: AnalyticTOP:What Makes Money Money?KEY:Bloom's: Comprehension
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Chapter 21 / Exercise 1
Essentials of Economics
Mankiw
Expert Verified
20.Which of the following is the mostliquid store of purchasing power?
PTS:1DIF:ModerateNAT:BUSPROG: AnalyticTOP:What Makes Money Money?KEY:Bloom's: Comprehension21.If every person is willing to accept money in payment, rather than goods and services, money serves asa:a.medium of exchange.c.store of value.b.unit of account.d.coincident exchange.ANS:A
PTS:1DIF:EasyNAT:BUSPROG: AnalyticTOP:What Makes Money Money?KEY:Bloom's: Comprehension22.Which of the following items does notprovide a store of value?
PTS:1DIF:EasyNAT:BUSPROG: AnalyticTOP:What Makes Money Money?KEY:Bloom's: Comprehension23.Which of the following is nota store of value?
PTS:1DIF:ChallengingNAT:BUSPROG: AnalyticTOP:What Makes Money Money?KEY:Bloom's: Comprehension24.Which of the following is notan example of money used as a unit of account?
PTS:1DIF:ModerateNAT:BUSPROG: AnalyticTOP:What Makes Money Money?KEY:Bloom's: Comprehension25.Anything can be money if it acts as a:a.unit of account.c.medium of exchange.b.store of value.d.All of these must be correct.ANS:D
PTS:1DIF:ModerateNAT:BUSPROG: AnalyticTOP:What Makes Money Money?KEY:Bloom's: Comprehension