Money without intrinsic value and used as money because of government decree is called, a. commodity money b. barter system c. fiat money d. gold

________________ serves society in three functions: medium of exchange, unit of account, and store of value.   a.  Money   b.  Currency   c.  Barter   d.  A double coincidence of wants

3. Money held by the public that includes demand deposits is measured as (A) M1 (B) M2 (C) MO (D) Fiat money (E) Commodity money

Which of the following is a function of money? A) Means of production B) Source of natural resources C) Medium of exchange D) Indicator of social status Don't use any tech only do if you are sure otherwise be ready for bunch of dislike

Which type of money has the lowest opportunity cost? a. silver coins b. fiat money c. commodity money d. diamonds e. gold coins

The functions of money include the following: Note: choose up to four (4). If you check more than four, 1 point will be taken for each additional choice.   A. unit of account   B. standard of deferred payment   C. medium of exchange   D. commodity money   E. fiat money   F. store of value

1. Explain the differences between commodity money and fiat money. What are the major disadvantages of commodity money?

Question 1 (a) The rates of growth of money supply is 10%, of velocity of money circulation 1%, of real GDP 3%, what is the inflation rate? (b) The nominal interest rate is 7%, the inflation rate is 5%, what is the real interest rate?

Money as a means of payments refers only to: a. Actual currency b. Coins and currency c. Coins, currency and credit cards d. Anything that is generally accepted as payment for goods and services

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