Multiple Choice
Money serves as a basic yardstick for measuring economic value (a unit of account) , allowing:
A) people to hold their wealth in a liquid form.
B) governments to restrict the issuance of private monies.
C) easy comparison of the relative prices of goods and services.
D) goods and services to be exchanged with a double coincidence of wants.
Correct Answer:

Verified
Correct Answer:
Verified
Q52: Liabilities of the commercial banking system include:<br>A)reserves
Q53: The three functions of money are:<br>A)spending for
Q54: If you post your car on eBay
Q55: In Macroland, currency held by the public
Q56: The direct trade of goods and services
Q58: The money supply in Econland is 1,000,
Q59: After the Federal Reserve increases reserves in
Q60: Money market mutual funds are _ the
Q61: If real GDP equals 1,500, nominal GDP
Q62: The two main responsibilities of the Federal