Chapter 21 - Monetary Policy and Central Banking - test
Subject:
Economics [1]
Tags:
economics [2]
macroeconomics [3]
monetary policy [4]
inflation [5]
money [6]
Money supply [8]
Central bank [9]
Supply and demand [10]
Keynesian Economics [11]
Business [14]
Chapter 21 - Monetary Policy and Central Banking Answer: c Which of the following is not one of the basic functions of money? Store of value Unit of account Medium of barter Means of payment Answer: b Which of the following best describes ?money,? as the term is used in economics? The root of all evil A liquid asset A means of measuring velocity A unit of additivity Answer: d Which of the following items is included in M2, but not in M1? Currency Travelers checks Treasury bills (T-bills) Savings deposits Answer: d Which of the following represents a part of the U.S. money stock (M2)? A quarter received by a child for doing the dishes A corporation?s deposit of $1 billion in Bank of America