MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Chapter 14, Problem 9SQ
To determine

The part of M2 money supply.

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Could each of the following items potentially serve as money? Consider each as a medium of exchange, a unit of account, or a store of value. A. Visa credit card B. Federal Reserve note C. Debit card D. Picasso painting
Determine whether each of the following is included in both M1 and M2 or M2 only:               a. a Connecticut quarter               b. a savings account at a local savings bank               c. a share draft account at a credit union               d. money market deposit accounts               e. American Express travelers’ checks
If raw whole eggs of uniform size  were used as money, which of the following functions of money would be the hardest for this to satisfy? Select one: a. store of value b. unit of account c. medium of exchange d. certificate of gold
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