Question :
41) Which of the following an example of money?
A) currency : 1227852
41) Which of the following is an example of money?
A) currency in your wallet
B) currency inside the banks
C) checks written as payment for a good or service
D) credit card used as a payment for a good or service
E) a debit card
Answer: A
Topic: What is included in money
Skill: Level 2: Using definitions
Section: Checkpoint 11.1
Status: CT
42) The objects we use as money today include
A) currency inside banks and bank deposits.
B) currency outside the banks and bank deposits.
C) only currency outside the banks.
D) only deposits inside the banks.
E) credit cards and debit cards.
Answer: B
Topic: What is included in money
Skill: Level 2: Using definitions
Section: Checkpoint 11.1
Status: AA
43) Checkable deposits are money because
A) they are protected by the Federal Reserve.
B) they are guaranteed by banks.
C) checks bounce when there are not enough funds to cash them.
D) they can be converted into currency on demand and are used directly as a means of payment.
E) only banks and other financial institutions can offer them.
Answer: D
Topic: What is included in money
Skill: Level 1: Definition
Section: Checkpoint 11.1
Status: DMC
44) Which of the following is the best example of money?
A) phone card
B) checkable deposit
C) credit card
D) gold
E) share of Intel stock
Answer: B
Topic: What is included in money
Skill: Level 2: Using definitions
Section: Checkpoint 11.1
Status: NAU
45) Which of the following is money?
A) credit card
B) debit card
C) e-checks
D) checkable deposit
E) checks
Answer: D
Topic: What is included in money
Skill: Level 2: Using definitions
Section: Checkpoint 11.1
Status: NAU
46) Which of the following is money?
A) a credit card with no credit left
B) the check you write to pay tuition
C) a credit card that still has credit available on it
D) a checkable deposit in your bank
E) the current credit available on a credit card
Answer: D
Topic: What is included in money
Skill: Level 2: Using definitions
Section: Checkpoint 11.1
Status: TPS
47) Which of the following is money?
A) debit cards
B) e-checks
C) credit cards
D) checkable deposits
E) checks
Answer: D
Topic: What is included in money
Skill: Level 2: Using definitions
Section: Checkpoint 11.1
Status: TPS
48) Checks are not money because they
A) are just instruments to transfer money between banks.
B) are not guaranteed by banks.
C) can bounce when there are not enough funds to cash them.
D) are not issued by the government.
E) are not always accepted when trying to purchase goods or services.
Answer: A
Topic: What is included in money
Skill: Level 1: Definition
Section: Checkpoint 11.1
Status: DMC
49) If you use a check to pay your monthly rent,
A) the check is considered money because you received something in return.
B) the check is not money because it is just an instruction to your bank to make a payment.
C) you have used money because the landlord accepted it as a means of payment.
D) the check becomes money when it arrives at the landlord’s bank.
E) the check is not money because it is not part of M1.
Answer: B
Topic: What is included in money
Skill: Level 1: Definition
Section: Checkpoint 11.1
Status: DMC
50) A credit card is
A) money.
B) barter money.
C) not money.
D) fiat money.
E) not money but the card’s credit line is money.
Answer: C
Topic: What is included in money
Skill: Level 1: Definition
Section: Checkpoint 11.1
Status: NAU
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