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Test Your Knowledge What Is Money

Test Your Knowledge What Is Money

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Test Your Knowledge What Is Money

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  1. Test Your KnowledgeWhat Is Money Click on the letter choices to test your understanding

  2. Question 1 • Medium of exchange, unit of account, and store of value are all:

  3. Question 2 • Anything that is widely accepted as a payment for goods and services is considered:

  4. Question 3 • Which of the following does NOT describe a characteristic of money?

  5. Question 4 • Which type of money is used in the United States?

  6. Question 5 • One of the biggest problems with barter is that it requires:

  7. Question 6 • Different measures of money are characterized by different degrees of what?

  8. Question 7 • What happens if we have too much money in the economy?

  9. Question 8 • M1 and M2 are:

  10. Question 9 The most liquid of assets—consisting of currency held by the public, traveler’s checks, demand deposits, and other checkable deposits—is:

  11. Question 10 M1 plus savings deposits, money market deposits accounts, small-time deposits, and money market mutual funds is:

  12. Thank you for participating in “Test Your Knowledge”