Question

Question 1) Quick Answers. For each of the following you only need to provide a one or two-word response (choose one of the underlined phrases for each statement) When giving consideration to a crypto-currency like Bitcoin, we can say that is or is not a store of value, one of the functions of money? a) b) When giving consideration to a crypto-currency like Bitcoin, we can say that is or is not a medium of exchange, one of the functions of money? cRaising funds for your startup through Kickstarter, a "funding platform", is direct or indirect finance? dBorrowing money through Lending Club (www.lendingclub.com) is direct or indirect finance. By total value of assets, private pension funds or mutual funds are collectively the larger intermediaries in the United States based on our most recent data from class. e) f By total value of assets, debt or equity capital markets are collectively larger in the United States based on our most recent data from class. If people transfer funds from saving accounts to checking accounts, Ml will or will not increase. If people transfer funds from saving accounts to checking accounts, M2 will or will not decrease g) h)

Answer 1

a. It is not a store of value

b.It is a medium of exchange

c. direct finance

d. Indirect finance

e. private pension funds

f. Debt capital market

g. M1 will increase

h. M2 will not decrease