Multiple Choice
Which of the following illustrates the store-of-value function of money?
A) writing a check to buy a new Volkswagen
B) noting that the price of a $20,000 Volkswagen is 30,000 German marks
C) agreeing to repay a bank $400 a month for the next 48 months for a loan to buy a new Volkswagen
D) keeping $20,000 in cash in your mattress instead of buying a new Volkswagen
Correct Answer:

Verified
Correct Answer:
Verified
Q18: The value of the simple money multiplier
Q34: The Federal Reserve System is made up
Q61: Any item that serves as a medium
Q62: Assume that banks do not hold excess
Q65: Increasing the reserve requirement ratio is<br>A) a
Q93: Which of the following is an example
Q96: Suppose the required reserve ratio is 10%.Mr.Normal
Q104: The federal funds rate is the interest
Q197: Gresham's Law is the tendency for low-quality
Q223: Scenario 1: Fed Buys Bonds from Sheila