Multiple choice, thank you for the help! Money that has no intrinsic value except as money is called a. b. C. d. e. a. b. C. d. Money made with silver, gold, and chocolate are examples of e. a. b. C. d. e. a. b. bonded C. commodity Fiat money has value because: d. fiat e. intrinsic None of these answers is correct. fiat commodity backed government None of these answers is correct. it is backed by gold. Liquidity is a measure of: people believe it has value. it has intrinsic value. it is backed by silver. None of these answers is correct. the monetary base. the amount of reserves. how quickly an asset can be converted to currency. how quickly coins can be melted down. how many coins are in circulation. money. money.

Multiple choice, thank you for the help! Money that has no intrinsic value except as money is called a. b. C. d. e. a. b. C. d. Money made with silver, gold, and chocolate are examples of e. a. b. C. d. e. a. b. bonded C. commodity Fiat money has value because: d. fiat e. intrinsic None of these answers is correct. fiat commodity backed government None of these answers is correct. it is backed by gold. Liquidity is a measure of: people believe it has value. it has intrinsic value. it is backed by silver. None of these answers is correct. the monetary base. the amount of reserves. how quickly an asset can be converted to currency. how quickly coins can be melted down. how many coins are in circulation. money. money.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Fiat money is Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a anything that serves as a means of payment by government declaration. b any currency made of paper. money that is backed by gold. C d. money with intrinsic value like gold coins.
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WRITE THE QUESTION NUMBER AND ANSWER USING CAPITAL LETTER ONLY. 1. Money ________. A. is always composed of coins and paper C. requires a double coincidence of wants B. loses its value as it becomes older D. is any commodity that is generally acceptable as a means of payment 2. The functions of money are A. medium of exchange and the ability to buy goods and services C. pricing, contracts, and means of payment. B. medium of exchange, unit of account, and means of payment D. medium of exchange, unit of account, and store of value 3. Matthew purchases a candy bar with his allowance. This purchase represents using money as A. a medium of exchange C. an unit of account B. a store of value D. none of the above 4. M1 includes A. currency, checking deposits and traveler's checks. C. money, checking deposits and traveler's checks B. money, stocks and bonds. D. money market mutual funds, stocks and bonds 5. The definition of M2 includes…
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