Economics Semester Test Review

What function of money the picture represents?

• Medium of Exchange
• Store of Value
• Unit of Account
• Durable 

What function of money the picture represents? 

• Medium of Exchange
• Store of Value
• Unit of Account
• Stable 

What function of money the picture represent? 

• Medium of Exchange
• Store of Value
• Unit of Account
• Acceptable 

High reserve requirements 

• lower the money supply
• increase the money supply

Buying bonds

• increases money supply
• decreases money supply

"The Fed" refers to the....

• Federal Bureau of Investigation
• Federal Government
• Federal Reserve System
• Federal Income Tax

Which of these is NOT a monetary policy tool?

• Discount rate
• Balance Accounts
• Open Market Operation
• Reserved Requirements

Each purchase is a loan that is repaid later

• Debit card
• Credit card
• Both

What is it?

• Great Seal
• Great Beal
• Good Seal
• Kongres

The study of the costs and benefits of doing more of an activity versus doing less of an activity.

• marginal analysis
• efficient points
• Inefficient points
• unattainable points
• Microeconomics