Which of the following is a primary function of money? * a. to reduce the burden of excessive imports b. to serve as a unit of account c. to serve as an encouragement to work d. to raise funds for the government

1. The way to build good credit is to: A. Secure a credit card, but never use it B. Pay off the credit card in full, each month C. Purchase unnecessary items D. All of these   2. Start managing your money:   A. After you have worked in your dream job for a year B. After you get married C. After you finish college D. All of these E. None of these   3.  If you find yourself in a credit hole: A. Skip making payments until you can afford to pay off your bill B. Make late payments only on your largest debt C. Take out a loan to pay off your debt D. None of these

8 During rapid inflation or hyperinflation: a. The real value of money falls. b. People will be more willing to hold their wealth in the form of money c. The use of money to undertake transactions will increase. d. The real value of money remains the same.

When a bank makes a loan what happens to the amount of money in deposits it holds and to the quantity of money in the economy? A. Bank deposits decrease, the quantity of money increases. B. Bank deposits do not change, the quantity of money does not change. C. Bank deposits decrease, the quantity of money does not change. D. Bank deposits do not change, the quantity of money increases. Submit

Which of the following is one of the most important benefits of money in a modern economy?   A. Money encourages people to produce all of their own goods and therefore increases economic stability.   B. Money allows for the accumulation of wealth.   C. Money makes exchange easier, leading to more specialization and higher productivity.   D. Money allows for the exchange of goods and services.   E. Money is a unit of account which makes it easier to value all goods and services in dollars.    QUESTION 9 Labor productivity is   A. the quantity of capital one worker can produce in one day.   B. the quantity of output produced by one worker or by one hour of work.   C. the quantity of output produced in one hour by several workers.   D. the quantity of capital produced by one worker or by one hour of work.   E. the quantity of output produced in one hour by one machine.