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Test Your Knowledge What Is Money

Test Your Knowledge What Is Money. Click on the letter choices to test your understanding. Question 1. Medium of exchange, unit of account, and store of value are all:. Question 2. Anything that is widely accepted as a payment for goods and services is considered:. Question 3.

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Test Your Knowledge What Is Money

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  1. Test Your KnowledgeWhat Is Money Click on the letter choices to test your understanding

  2. Question 1 • Medium of exchange, unit of account, and store of value are all:

  3. Question 2 • Anything that is widely accepted as a payment for goods and services is considered:

  4. Question 3 • Which of the following does NOT describe a characteristic of money?

  5. Question 4 • Which type of money is used in the United States?

  6. Question 5 • One of the biggest problems with barter is that it requires:

  7. Question 6 • Different measures of money are characterized by different degrees of what?

  8. Question 7 • What happens if we have too much money in the economy?

  9. Question 8 • M1 and M2 are:

  10. Question 9 The most liquid of assets—consisting of currency held by the public, traveler’s checks, demand deposits, and other checkable deposits—is:

  11. Question 10 M1 plus savings deposits, money market deposits accounts, small-time deposits, and money market mutual funds is:

  12. Thank you for participating in “Test Your Knowledge”

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