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One of the principal defects of commodity money is that its worth as a: Medium of exchange may exceed its worth as a standard of account, causing it...

1. One of the principal defects of commodity money is that its worth as a:

A. Medium of exchange may exceed its worth as a standard of account, causing it to cease being useful as money

B. Unit of account may exceed its worth as a store of value, causing it to cease being useful as mone

C. Medium of exchange may exceed its worth as a store of value, causing it to cease being useful as money

D. Commodity may exceed its worth as money, causing it to cease functioning as a medium of exchange.


1. The MBMB Bank of El Campo has $2,450,221 in its reserve account at the beginning of the day. During the day, $644,970 in deposited checks and, $788,450 in checks written by MBMB'S customers are cleared. In addition, $350,000 in currency is delivered to the bank by the Fed. What is the bank's reserve account balance at the end of the day?

A. $4,236,641

B. $1,956,741

C. $2,243,701

D. $1,366,801 


3. The first National Bank of Latrobe starts its day with 899,356 in its reserve account. During the day $125,678 in checks are deposited and cleared, and $137,900 in checks written by the bank's customers are cleared. How much is in First National's reserve account at the end of the day?

A. $887,134

B. $911,578

C. $1,162,934

D. $635,778

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