Commodity money is a whatever the government has

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Nature of Mathematics
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Chapter 11 / Exercise 2
Nature of Mathematics
Smith
Expert Verified
53.Commodity money is:A)whatever the government has decreed is money.B)a good used as a medium of exchange that has other uses.
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Nature of Mathematics
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Chapter 11 / Exercise 2
Nature of Mathematics
Smith
Expert Verified
C)money used for commodity futures trading.D)whatever people accept as money.
54.Money that has value apart from its use as money is:
55.Money that the government has ordered to be accepted as money is:
56.Money whose value derives entirely from its official status as a means of exchange is known as:
57.A share of stock is considered:A)an asset for the owner of the stock.B)part of M2.C)a liability for the owner of the stock.D)part of the money supply.
58.The primary difference between M1 and M2 is that:
59.Suppose you find a $50 bill that you put in a coat pocket last winter. If you deposit it in your checking account:
60.If you transfer $1,000 from your savings account to your checking account:
61.The Federal Reserve is able to have an impact on financial crises because it:A)determines tax rates.B)determines government spending.C)conducts monetary policy.D)is responsive to the people who elected its members to office.
62.Generally, the more liquid an asset is:
63.The short-term interest rate is the interest rate on financial assets that mature within:
64.If a checking account has an interest rate of 1% and a Treasury bill has an interest rate of 3%, the opportunity cost of holding cash in a checking account is:
65.The money demand curve shows the relationship between the:A)money supply and the quantity of money demanded.B)aggregate price level and the nominal quantity of money demanded.C)interest rate and the nominal quantity of money demanded.D)real GDP and the nominal quantity of money demanded.

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