Podcast
Questions and Answers
What is the term for the situation where each trader needs to have something the other one wants?
What is the term for the situation where each trader needs to have something the other one wants?
- Wealth Exchange
- Double Coincidence of Wants (correct)
- Barter System
- Income Barter
Which type of money has intrinsic value such as gold, silver, or cigarettes?
Which type of money has intrinsic value such as gold, silver, or cigarettes?
- Commodity Money (correct)
- Fiat Money
- Paper Money
- Digital Currency
What is the function of money that allows it to be easily used to buy goods and services without the complications of the barter system?
What is the function of money that allows it to be easily used to buy goods and services without the complications of the barter system?
- Wealth Measurement
- Unit of Account
- Store of Value
- Medium of Exchange (correct)
Which term refers to the total collection of assets that a person or entity possesses?
Which term refers to the total collection of assets that a person or entity possesses?
What type of money serves as a medium of exchange but has no intrinsic value beyond its use as money?
What type of money serves as a medium of exchange but has no intrinsic value beyond its use as money?
What characteristic of money refers to the ease with which an asset can be accessed and used as a medium of exchange?
What characteristic of money refers to the ease with which an asset can be accessed and used as a medium of exchange?
Which of the following is considered part of M2, the category of 'Near-Moneys'?
Which of the following is considered part of M2, the category of 'Near-Moneys'?
In the financial sector, which network of institutions links borrowers and lenders?
In the financial sector, which network of institutions links borrowers and lenders?
What does a bond represent?
What does a bond represent?
What happens to the price of a bond when interest rates rise?
What happens to the price of a bond when interest rates rise?
What does a stockholder represent in a corporation?
What does a stockholder represent in a corporation?
