Exam 3: What Is Money

If an individual moves money from a demand deposit account to a money market mutual fund,________.

Which of the following statements uses the economists' definition of money?

Paper currency that has been declared legal tender but is not convertible into coins or precious metals is called ________ money.

In the money index used by the Bank of Canada: M = X1+X2+ ...+Xn,the n monetary components have ________.

Compared to an electronic payments system,a payments system based on cheques has the major drawback that ________.

Of the following,the largest is ________.

When paper currency is decreed by governments as legal tender,legally it must be ________.

________ is used to make purchases while ________ is the total collection of pieces of property that serve to store value.

The components of the M1+ monetary aggregate are chequable deposits plus ________.

Which of the following statements best explains how the use of money in an economy increases economic efficiency?

If an individual moves money from a chequing account to a money market mutual fund,________.

E-cash is used for payments ________.

Patrick places his pocket change into his savings bank on his desk each evening.By his actions,Patrick indicates that he believes that money is a ________.

Explain how cigarettes could be called "money" in prisoner-of-war camps of World War II.

The total collection of pieces of property that serve to store value is a person's ________.

The currency component includes paper money and coins held in ________.

________ is a flow of earnings per unit of time.

All of the following are necessary criteria for a commodity to function as money except ________.

In the country of Moneyland the law allows you to repay mortgage in rocks.Thus,________.

Why are people are willing to hold money even if it is not the most attractive store of value?