KTVM

In 2016, 1 liter gas in VN = 25VND. In 2020, 1 liter gas in VN = 14VND. Given the fact that gasoline in Vietnam imported from overseas, the price reduction of gasoline can be reflected in ?

• CPI
• GDP
• Both CPI and GDP
• Neither in CPI nor GDP

As opposed to a payments system based on barter, a payments system based on money ?

• requires a double coincidence of wants
• leads to less specialization
• makes trades less costly
• None of the above is correct

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

Which of the following is a function of money?

• a unit of account
• a store of value
• medium of exchange
• all of the above are correct

Which list ranks assets from most to least liquid?

• money, bonds, cars, houses
• money, cars, houses, bonds
• bonds, money, cars, houses
• bonds, cars, money, houses

M1 includes

• currency
• demand deposits
• traveler's checks
• all of the above are correct

Which of the following is not included in M1?

• currency
• demand deposits
• traveler's checks
• credit cards

Which of the following items is included in M2?

• credit cards
• money market mutual funds
• corporate bonds
• large time deposits

The agency responsible for regulating the money supply in the US is

• the Comptroller of the Currency
• the US Treasury
• the Federal Reserve
• the US Bank

On a bank's T-account, which are part of the banks liabilities?

• both deposits made by its customers and reserves
• deposits made by its customers but not reserves
• reserves but not deposits made by its customers
• neither deposits made by its customers nor reserves