Correct Answer:
B
Money has highest liquidity level, because it is used as a medium of exchange. It increases the acceptability level among different entities.
Money is the most liquid asset available because 0 a. it is a store of value....
1) Because money eliminates the "double coincidence of wants" problem, the development of money as a ________ has facilitated the expansion of trade. a) store of value b) medium of exchange c) unit of account d) measure of value 2) Aster won $5,000 on a slot machine. She deposits her $5,000 winnings into a money market fund so that she can use the money next year to help her pay for a new boat. This is an example of money...
Money is a unit of account because: O A. it is liquid. B. it is a store of value. C. goods and assets are priced in terms of it. D. barter would be impossible without it.
A credit card is not a form of money because it is not a store of value. Oit doesn't serve as a medium of exchange. it isn't generally accepted as a means of payment it has a limit on what how much can be spent borrowed. Which of the following has the largest share of the Federal budget? education O social security Ohighways and transportation O housing assistance When the macro economy is in equilibrium, business inventories are decreasing O...
Gold used as Money: Is commodity money Would be a medium of exchange Has no intrinsic value Both A and B are correct. Funds in your checking account: Would be included in your list of assets Is a medium of exchange Is fiat money All of the above are true
Money functions as 1) a store of value. il) unit of account ill) medium of exchange. iv) opportunity costs of money supply Multiple Choice iv only il and iv i only 1, ll, and it
Money can be many things, but it is mor A. a financial liability B a financial asset. C. liquid. D. illiquid The U.S. central bank (Fed) is a financial institution that A. has the sole right to accept deposits and make loans. B. has the sole right to issue currency. C. sets borrowing and lending in a country. D. determines what assets will back a currency. Which of the following is not one of the functions of money? A. Medium...
1) Which two of the following are normally counted as “money” by economists? Currency Real estate Bonds Checking Account Balances Stocks 2) Which of the following is not necessarily a function of money? Unit of account Store of value Medium of exchange Item of intrinsic value
Determine whether each of the following would fulfill the three functions of money. If the item does not fulfill all three, name at least one function of money that it violates. Instructions: You may select more than one answer. Click the box with a check mark for correct answers, and click to empty the box for the wrong answers. a. Salt Salt could be a good store of value because salt keeps for a long time. Salt fulfills the medium...
Question 8 (1 point) Classify the following three scenarios by the role which money plays. The answers will either be medium of exchange, unit of account, or store of value. (1) Darnell deposits $1,200 in his savings account. (2) Rosa buys a new pair of jeans for $90. (3) Bernard compares the prices of the latest iPhone and the latest Android phone and determines that the iPhone is more expensive. Unit of account, store of value, medium of exchange Medium...
24. The functions of money do not include acting as a. b. a medium of exchange. a standard of deferred payment. a unit of account. c. d. a store of value. ge of purchasing power.