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Money, Central Banks, Inflation Quiz

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Questions and Answers

Which of the following is not considered a candidate for inclusion in the US money supply?

Gold minted by king/emperor (correct)

Travelers cheques

Money held in foreign accounts

Demand deposits with cheque or payments facilities (“current accounts”)

What is the function of money that is vastly more efficient than barter and does not require the 'double coincidence of wants'?

Unit of Account

Medium of Exchange (or Means of Payments) (correct)

Money market funds

Store of Value

Under the Gold Standard, what is the relationship between the amount of cash and the amount of gold?

Cash and gold are completely independent of each other

The amount of cash is determined by the government's discretion

The amount of cash is fixed mechanically to the amount of gold (correct)

There is no relationship between cash and gold

Which of the following is considered a time deposit?

<p>Demand deposit without payment facilities (“savings accounts”)</p> Signup and view all the answers

What type of deposit is considered highly liquid and serves as a store of value in a modern economy?

<p>Demand deposits with cheque or payments facilities (“current accounts”)</p> Signup and view all the answers

Money, Central Banks, Inflation Quiz

Choose a study mode

Podcast

Questions and Answers

Which of the following is not considered a candidate for inclusion in the US money supply?

What is the function of money that is vastly more efficient than barter and does not require the 'double coincidence of wants'?

Under the Gold Standard, what is the relationship between the amount of cash and the amount of gold?

Which of the following is considered a time deposit?

What type of deposit is considered highly liquid and serves as a store of value in a modern economy?

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