Question : 81) Which of the following best defines what money now : 1227813

 

 

81) Which of the following best defines what money is now and what it has been in the past?

A) currency

B) currency plus checking deposits

C) currency plus credit cards

D) anything accepted as a means of payment

E) anything used as a store of value

Answer:  D

Topic:  Money

Skill:  Level 1: Definition

Section:  Checkpoint 11.1

Status:  STUDY GUIDE

 

82) Which of the following is NOT a function of money?

i.unit of account

ii.store of value

iii.unit of debt

A) i only

B) ii only

C) iii only

D) Both ii and iii

E) Both i and ii

Answer:  C

Topic:  Functions of money

Skill:  Level 1: Definition

Section:  Checkpoint 11.1

Status:  STUDY GUIDE

83) Barter is

A) the exchange of goods and services for money.

B) the pricing of goods and services with one agreed upon standard.

C) the exchange of goods and services directly for other goods and services.

D) a generally accepted means of payment.

E) storing money for use at a later date.

Answer:  C

Topic:  Barter

Skill:  Level 1: Definition

Section:  Checkpoint 11.1

Status:  STUDY GUIDE

 

84) If someone buries money in a tin can beneath a tree, the money is functioning as a

A) medium of exchange.

B) unit of account.

C) means of payment.

D) store of value.

E) bartering tool.

Answer:  D

Topic:  Functions of money, store of value

Skill:  Level 2: Using definitions

Section:  Checkpoint 11.1

Status:  STUDY GUIDE

 

85) Credit cards, debit cards, and e-checks are

A) always counted as money.

B) not money.

C) sometimes counted as money, depending on how they are used.

D) sometimes counted as money, depending on what is purchased.

E) sometimes counted as money, depending on what measure of money is being used.

Answer:  B

Topic:  What is included in money

Skill:  Level 2: Using definitions

Section:  Checkpoint 11.1

Status:  STUDY GUIDE

 

86) Which of the following counts as part of M1?

A) $5,000 worth of gold

B) $5,000 worth of government bonds

C) $5,000 in a checking account

D) $5,000 credit line on a credit card

E) $5,000 of real estate

Answer:  C

Topic:  M1

Skill:  Level 1: Definition

Section:  Checkpoint 11.1

Status:  STUDY GUIDE

87) M2 equals

A) M1 and is just another name for currency outside of banks.

B) M1 plus savings deposits, small time deposits, and money market fund deposits.

C) M1 minus traveler’s checks because they are not really money.

D) currency plus savings deposits, all time deposits, and money market funds and other deposits.

E) M1 plus savings deposits and small time deposits minus money market fund deposits.

Answer:  B

Topic:  M2

Skill:  Level 1: Definition

Section:  Checkpoint 11.1

Status:  STUDY GUIDE

 

88) If currency outside of banks is $800 billion; traveler’s checks are $10 billion; checkable deposits owned by individuals and businesses are $700 billion; savings deposits are $4,000 billion; small time deposits are $1,000 billion; and money market funds and other deposits are $800 billion, then M1 equals ________ billion.

A) $7,310

B) $5,800

C) $2,510

D) $1,510

E) $710

Answer:  D

Topic:  M1

Skill:  Level 2: Using definitions

Section:  Checkpoint 11.1

Status:  STUDY GUIDE

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more