Recent

  • Show all results for ""

🎧 New: AI-Generated Podcasts Turn your study notes into engaging audio conversations. Learn more

Money, Central Banks, Inflation Quiz
5 Questions
1 Views

Money, Central Banks, Inflation Quiz

Created by
@FlatterKazoo

Podcast Beta

Play an AI-generated podcast conversation about this lesson

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

    More Quizzes Like This

    Corporate Banking vs
    5 questions

    Corporate Banking vs

    AdorableTeal avatar
    AdorableTeal
    Introduction to Money and Banking
    5 questions

    Introduction to Money and Banking

    FunnyLiberty avatar
    FunnyLiberty
    Economics Basics: Bartering, Money, and Budgeting
    5 questions

    Economics Basics: Bartering, Money, and Budgeting

    UnfetteredCatharsis avatar
    UnfetteredCatharsis
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser