Exam 3: What Is Money

If an individual moves money from a small-denomination time deposit to a demand deposit account,

The payments system is

A disadvantage of ________made from precious metals is that it is very heavy and hard to transport from one place to another.

Which of the following is not a form of e-money?

Which of the following is not included in the M1 measure of money but is included in the M2 measure of money?

If there are four goods in a barter economy,then one needs to know ________ prices in order to exchange one good for another.

Because inflation in Germany after World War I sometimes exceeded 1,000 % per month,one can conclude that the German economy suffered from

________ money could be used for some other purpose other than as a medium of exchange,for example,gold coins could be melted down and turned into gold jewelry.

If the price level doubles,the value of money

If there are five goods in a barter economy,one needs to know ten prices in order to exchange one good for another.If,however,there are ten goods in a barter economy,then one needs to know ________ prices in order to exchange one good for another.

People hold money even during inflationary episodes when other assets prove to be better stores of value.This can be explained by the fact that money is

A smart card is the equivalent of

Ranking assets from most liquid to least liquid,the correct order is

If an individual moves money from a money market deposit account to currency,

Which of the following sequences accurately describes the evolution of the payments system?

Defining money becomes ________ difficult as the pace of financial innovation ________.

If peanuts serve as a medium of exchange,a unit of account,and a store of value,then peanuts are

Which of the following is not included in the measure of M1?

Even economists have no single,precise definition of money because

If an individual moves money from a savings deposit account to a money market deposit account,