4. Which of the following characteristics of money is associated with the base good beingdivisible?a. Unit of accountb. Store of valuec. Medium of exchange5. Which of the following characteristics of money is associated with the base good being easilyportable?a. Unit of accountb. Store of valuec. Medium of exchange6. The Federal Reserve's dual mandate is that monetary policy should accomplishAn effective allocation of capital and stable property rightsb. A well-capitalized banking system and an empowered democracyc. A stable return on the stock market and reasonable bond yieldsd. Price stability and full employmentа.

Answered: 4. Which of the following…

4. Which of the following characteristics of money is associated with the base good being divisible? a. Unit of account b. Store of value c. Medium of exchange

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Required Reserve and Excess Reserve Analysis

A required reserve is an amount of cash that banks must keep with themselves, which is certain percentage of the deposits made by their customers. Required reserve is a percentage of the bank's deposits that the respective bank must have on each overnight. The percentage rate is set and determined by the nation’s central bank. It is important to have such funds accumulated to meet its uncertain obligations, sudden liabilities and withdrawals. Required reserve is also known as reserve ratio. Reserve ratio is an important tool to control the money supply.

Question

4. Which of the following characteristics of money is associated with the base good being
divisible?
a. Unit of account
b. Store of value
c. Medium of exchange
5. Which of the following characteristics of money is associated with the base good being easily
portable?
a. Unit of account
b. Store of value
c. Medium of exchange
6. The Federal Reserve's dual mandate is that monetary policy should accomplish
An effective allocation of capital and stable property rights
b. A well-capitalized banking system and an empowered democracy
c. A stable return on the stock market and reasonable bond yields
d. Price stability and full employment
а.

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