Multiple Choice
Money serves as a measure of economic value (i.e. ,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.
E) private money to be issued for local usE.
Correct Answer:

Verified
Correct Answer:
Verified
Q28: During hyperinflation,because changes in _ are so
Q29: When bank reserves exactly equal bank deposits,the
Q30: When money is the basic measure of
Q31: Money serves as a store of value
Q32: In Econland,all $15,000,000 in currency is held
Q34: In response to the persistence of recessionary
Q35: Any asset used to make purchases is<br>A)
Q36: Barter is<br>A) the direct trade of goods
Q37: The quantity equation states that<br>A) Y =
Q38: The quantity equation states that money times