Test Answers on money

Money. Chapter 10

question Define money answer D.H. Robertson defines money as \”Anything which is widely accepted in the payments for goods or in discharge of various other business obligations\”. Prof. Crowther defines money as \”Anything that is generally acceptable as a means of exchange and which at the same time acts as a measure and store of […]

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Fin 3323 Chpt 5 Money Markets

question Activity in money markets increased significantly in the late 1970s and early 1980s because answer – rising short-term interest rates – regulations that limited what banks could pay for deposits. question Money Market securities are: answer – short-term – low risk – very liquid question The banking industry answer – should have an efficiency […]

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Chapter 10 – Money & Banking

question What are the three uses of money? answer A medium of exchange, a unit of account, a store of value question What are the six characteristics of money? answer Durability, portability, divisibility, uniformity, limited supply, acceptability question What is the source of money’s value? answer Commodity, representative, fiat question Describe the shifts between centralize […]

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Money and the Financial Market

question Money answer Anything accepted for payment, anything a society can use to buy & sell goods question Legal Tender answer U.S. ensures that everyone accepts payment question Barter answer Exchange of one person’s goods & services for another question Double Coincidence of Wants answer Both parties involved in the trade wants what the other […]

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money and the banking system

question Most observers nowadays see monetary policy as much less important than fiscal policy. answer ANS: F question In September 2007 the British bank Northern Rock which specialized in home mortgages experienced a noteworthy bank run. answer ANS: T question A bank run involves a large inflow of money into commercial banks. answer ANS: F […]

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Debt: Money Market

question Money market instruments are answer defined as unsecured debts with 1 year or less to maturity. question Commercial paper is answer a short term, unsecured/unfunded corporate debt, with a maximum maturity of 270 days. question Commercial paper is an original issue discount obligation, quoted answer yield basis question Commercial paper is mainly purchased by […]

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Money, Banking, and Financial Institutions Chapter 14

question medium of exchange answer any item sellers generally accept and buyers generally use to pay for good or service; money; a convenient means of exchanging goods and services without engaging in barter question unit of account answer a standard unit in which prices can be stated and the value of goods and services can […]

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Banking and Money

question Money answer Anything that can be used as a medium of exchange, is a measure of value, and is a store of value. question Two types of money answer Commodity money and Fiat money question Commodity Money answer money that has an alternative use like gold or salt. question Fiat money answer Money by […]

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Money and the Banking System muliple choice

question In addition to fiscal policy, the other main tool used to affect aggregate demand is a. trade policy. b. industrial policy. c. planning policy. d. monetary policy. answer d. monetary policy. question Nowadays, most observers believe that monetary policy a. is less important than fiscal policy. b. is more important than fiscal policy. c. […]

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money money 1

question anything that people are willing to accept in payment for goods and services. answer Money is defined as question standard of deferred, medium of exchange payment. store of value. answer All of these are functions of money question anything that is generally accepted as payment for goods and services answer Money in its role […]

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Chapter 10 Money and Banking

question money answer anything that serves as a medium of exchange, a unit of account, and a store of value question medium of exchange answer anything that is used to determine value during the exchage of goods and services; buying food with a money question barter answer the direct exchage of one set of goods […]

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The Six Characteristics Of Money

question Durability answer Objects used as money must withstand physical wear snd tear question Portability answer People need to be able to take money with them as they go about their business question Divisibility answer To be useful, money must be easily divided into smaller denominations , or units of value question Uniformity answer Any […]

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3.05: Getting the Most for Your Money

question Marginal Cost Analysis answer Economic technique that determines the change in production cost with the addition of one unit of a product question Fixed answer Constant costs, a # that remains the same as production quantity changes question Variable answer Costs that vary with production quantity question Income Formula answer Revenue – Cost = […]

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Money – Essay Writing

question Federal Reserve System answer 1913 – central banking system of the US – created by the Federal Reserve Act – quasi public system question Federal Reserve Notes answer The paper money used in the United States question Barter Economy answer Moneyless economy that relies on trade or barter question Commodity Money answer Objects that […]

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Chapter 10 Money and Banking Review Questions

question A dollar bill typically lasts answer 1 year in circulation. question “Objects that have value because the holder can exchange them for something else of value” defines answer representative money. question Anything that is used to determine value during the exchange of goods and services is a answer medium of exchange. question Barter is […]

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The Paper in Paper Money

question fake answer fake question wood fibers answer wood fibers question pound answer pound question firmly answer firmly question fold answer fold question ordinary answer ordinary question unusual answer unusual

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Money and Banking Chapter 12 – Flashcards with Answers

question 1) The modern commercial banking system began in America when the answer Bank of North America was chartered in Philadelphia in 1782. question 2) A major controversy involving the banking industry in its early years was answer whether the federal government or the states should charter banks. question 3) The government institution that has […]

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Lunch Money (Chapter 15~16)

intruder 침입자,난입자 lurk 숨다,잠복하다 cursive 흘려 쓴, 필기체의 strangle 질식사 시키다 stiffly 단단하게, 뻣뻣하게 sharpen 뾰족하게 하다, 깎다 barely 겨우,간신히 (유의어:hardly) unscrew 마개를 돌려서 빼다 trim 정돈하다 lengthwise 길게,길이로,세로로 resist ~에 견디다, 버티다 contritely 죄를 뉘우치고 있는 salute 인사,경례

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Writing money amounts

question sixty cents answer .60 question one dollar and twenty five cents answer $ 1. 25 question one dollar answer $1.00 question 55 cents answer .55 question one dollar and ninety-five cents answer $1.95

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Banking: How to Manage Your Money

checking account an account that enables its holder to easily transfer money to other credit union a business that preforms banking services but is owned by its members record to monitor or track a change retail bank a bank that provides services to individuals and businesses savings account an interest-paying account in which money is […]

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