Which of the following descriptions is excluded from being a function of money? A.Group of answer choices price level, B.measurement of wealth, unit of scale store of value C unit of account medium of exchange, D. unit of account standard of deferred payment, store of value Which of the following does NOT qualify as "money"? A.fiat money b.commodity money C.the U.S. dollar D.barter Of the following descriptions, which characteristic is a true statement about money? A.Generally it doesn't have to be accepted as a means of payment. B.It must represent value. C.A government must back it. D.The CPI will increase over time. The most liquid source of money is A.M2 B.M1 C.Bartering arrangements D.Certificates of deposit
Which of the following descriptions is excluded from being a function of money? A.Group of answer choices price level, B.measurement of wealth, unit of scale store of value C unit of account medium of exchange, D. unit of account standard of deferred payment, store of value Which of the following does NOT qualify as "money"? A.fiat money b.commodity money C.the U.S. dollar D.barter Of the following descriptions, which characteristic is a true statement about money? A.Generally it doesn't have to be accepted as a means of payment. B.It must represent value. C.A government must back it. D.The CPI will increase over time. The most liquid source of money is A.M2 B.M1 C.Bartering arrangements D.Certificates of deposit
Chapter13: Money And The Financial System
Section: Chapter Questions
Problem 1.4P
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Transcribed Image Text:Which of the following descriptions is excluded from being a function of money?
A.Group of answer choices price level,
B.measurement of wealth, unit of scale store of value
C unit of account medium of exchange,
D. unit of account standard of deferred payment, store of value
Which of the following does NOT qualify as "money"?
A.fiat money
b.commodity money
C.the U.S. dollar
D.barter
Of the following descriptions, which characteristic is a true statement about money?
A.Generally it doesn't have to be accepted as a means of payment.
B.It must represent value.
C.A government must back it.
D.The CPI will increase over time.
The most liquid source of money is
A.M2
B.M1
C.Bartering arrangements
D.Certificates of deposit
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