Which list ranks assets from most to least liquid?
Review Chapter 30

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Business
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University
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Medium
Shereen Bacheer
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
currency, fine art, stocks
currency, stocks, fine art
fine art, currency, stocks
fine art, stocks, currency
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money is the most liquid asset available because
it is a store of value
it is a medium of exchange
it is a unit of account
it has intrinsic value
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When an economy uses silver as money, then that economy’s money
serves as a store of value but not as a medium of exchange
serves as a medium of exchange but not as a unit of account
is fiat money
has intrinsic value
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You receive money as payment for babysitting your neighbors' children. This best illustrates which function of money?
medium of exchange
unit of account
store of value
liquidity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best illustrates the medium of exchange function of money?
You keep some money hidden in your shoe
You keep track of the value of your assets in terms of currency
You pay for your oil change using currency
None of the above is correct
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Central Bank does all except which of the following?
It controls the supply of money
It acts as a lender of last resort to banks
It makes loans to large business firms
It tries to ensure the health of the banking system
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the reserve ratio is 10 percent, the money multiplier is
100
10
9/10
1/10
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