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Answer: I, ii and iii
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Money has three primary functions. It is a medium of exchange, a unit of account, and a store of value.
Money functions as 1) a store of value. il) unit of account ill) medium of exchange....
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.
Money is anything that serves asa_ OUnit of account Store of value O Medium of exchange O None of the above. QUESTION 20 Which one of the following is fiat money? OA Federal Reserve Note OA candy bar A gold bar OA credit card QUESTION 21 If the reserve ratio is 10 percent, $1,400 of additional reserves can create up to $140 of new money $14,000 of new money $140,000 of new money. O None of the above is correct.
Purchasing groceries using a personal check best exemplifies money serving as a Multiple Choice store of value. medium of exchange. unit of account. index of satisfaction.
QUESTION 1 One use of money is to quote prices of different products in comparable units. Which of the three functions of money is this referring to? medium of exchange seigniorage unit of account opportunity cost QUESTION 2 One purpose of money is to transfer purchasing power from the present into the future. Which of the three functions of money is this referring to? inflation tax store of value seigniorage medium of exchange
40) Ryan saved $50,000 last year so that he could buy asr.In this case, money served the4) function of a A) measure of inflation C) store of value B) unit of account D) medium of exchange 41) Which of the following is likely to be true when an economy is in a boom? 41) A) The size of the govermment expenditure multiplier is relatively small. B) The inflation rate is negative. C) The unemployment rate is high. D) The size...
Reasons for the growing popularity of online investing include I. lower commissions Il. speedy transactions. Ill. personal assistance with investment decisions. IV. timely quotes and information O A. 1, Il and IV only B. 11 and ill only ° C. I, ll, lll and IV O D. III and IV only
A $40 price tag on a pair of jeans in a department store is an example of money functioning as a Multiple Choice O standard of deferred payments. store of value. medium of exchange PER unit of account
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...
Money is the most liquid asset available because 0 a. it is a store of value. O b. it is a medium of exchange. O c. it is a unit of account. 0 d. it has intrinsic 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...