Money and financial markets

Which of the following is not a function of money?

• Medium of exchange

• Store of value

• Limited in supply

• Unit of account

The ability to express the value of goods and services in different amounts of a currency is money's function as...

• a medium of exchange

• a unit of account

• a store of value

The ability to produce value and then acquire goods and services at a later date is money's function as...

• a medium of exchange

• a unit of account

• a store of value

Good currencies are widely accepted by all in exchange for goods and services, eliminating a problem of barter. This enables money to act as...

• a medium of exchange

• a unit of account

• a store of value

Bitcoin may not be considered good money because it is not

• commonly accepted

• portable

• limited in supply

• difficult to forge

Which among the following is considered to be the most liquid asset?

• Gold

• Money

• Land

• Government bonds

Direct exchange of goods/services for other goods/services is called:

• Liquidity

• Money

• Barter

• Haggling

During periods of inflation, money does not function well as ___________

• Standard of Value

• Medium of Exchange

• Store of Value

• Commodity money

When Mr. McFall gets paid, he knows he doesn't have to spend it all at once because money is

• Standard of Value

• Medium of Exchange

• Store of Value

• Fiat money

Money that has no intrinsic value and is legal tender only because of government decree is called

• Credit

• Currency

• Fiat money

• Representative money