4.3 Definition, Measurement, and Functions of Money
Authored by Holden Lowe
Social Studies
12th Grade
MEA-3 covered
Used 1+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money makes it possible to ____ the value of goods and services, and interest rates provide a measure of the ____ of money that is borrowed or saved.
compare, price/cost
pay for, profit
price/cost, compare
reduce, inflation
Tags
MEA-3
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What 3 things must any currency/money be able to do?
A unit of account
A store of value
A medium of exchange
The thing you used to have before a wife and kids
3.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Money is any (a) that is accepted as a means of payment.
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
The money supply is (a) using monetary aggregates designated as M1 and M2.
5.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
The monetary base (often labeled as M0 or MB) includes currency in circulation and (a) .
6.
MATCH QUESTION
1 min • 1 pt
Match the following Money supplies
Reserves + Currency in circulation
M0 (usually known as MB)
Currency in Circulation + Checking Account Balances + Savings Account Balance
M2
M1 + Certificates of Deposit + US dollar deposits in foreign banks + Money Market Accounts
M1
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