the economics of money, banking, and financial markets
59 # © 2014 Pearson Canada Inc.# Economics of Money, Banking & Financial Markets, 5e (Mishkin) Chapter 3 What Is Money? 3.1 ...
60 # © 2014 Pearson Canada Inc.# Money is ____. A) the same as currency B) anything that is generally accepted in payment of g ...
61 # © 2014 Pearson Canada Inc.# The total collection of pieces of property that serve to store value is a person's ____. A) w ...
62 # © 2014 Pearson Canada Inc.# When we say that money is a stock variable, we mean that ____. A) the quantity of money is me ...
63 # © 2014 Pearson Canada Inc.# Which of the following statements uses the economists' definition of money? A) I plan to earn ...
64 # © 2014 Pearson Canada Inc.# 3.2 Functions of Money If peanuts serve as a medium of exchange, a unit of account, and a sto ...
65 # © 2014 Pearson Canada Inc.# Of money's three functions, the one that distinguishes money from other assets is its functio ...
66 # © 2014 Pearson Canada Inc.# Which of the following is a true statement? A) The conversion of a barter economy to one that ...
67 # © 2014 Pearson Canada Inc.# Whatever a society uses as money, the distinguishing characteristic is that it must ____. A) ...
68 # © 2014 Pearson Canada Inc.# A problem with barter exchange when there are many goods is that in a barter system ____. A) ...
69 # © 2014 Pearson Canada Inc.# Because it is a unit of account, money ____. A) increases transaction costs B) reduces the nu ...
70 # © 2014 Pearson Canada Inc.# ____ is the relative ease and speed with which an asset can be converted into a medium of exc ...
71 # © 2014 Pearson Canada Inc.# Ranking assets from most liquid to least liquid, the correct order is ____. A) savings bonds; ...
72 # © 2014 Pearson Canada Inc.# A hyperinflation is ____. A) a period of extreme inflation generally greater than 50 percent ...
73 # © 2014 Pearson Canada Inc.# Explain how cigarettes could be called "money" in prisoner-of-war camps of World War II. Answ ...
74 # © 2014 Pearson Canada Inc.# 3.3 Evolution of the Payments System The payments system is ____. A) the method of conducting ...
75 # © 2014 Pearson Canada Inc.# When paper currency is decreed by governments as legal tender, legally it must be ____. A) pa ...
76 # © 2014 Pearson Canada Inc.# The evolution of the payments system from barter to precious metals, then to fiat money, then ...
77 # © 2014 Pearson Canada Inc.# During the past two decades an important characteristic of the modern payments system has bee ...
78 # © 2014 Pearson Canada Inc.# An electronic payments system has not completely replaced the paper payments system because o ...
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