Money: Features, Functions and Money Supply

Divisibility is an important function of money because it

Justin takes ½ of his salary every month an purchases shares in the credit union in order to later purchase a sports car. Which function of money is this ½ of his salary performing?

Rob and Steele joined an underground group who were printing counterfeit money. Which quality of money is the group eroding?

Which of the following is NOT a function of money?

What is money?

Which of the following is NOT a feature of money?

What is the definition of 'broad' money?

Which of the following is NOT considered to be classified as narrow money

An informal arrangement where a small group of people contribute an equal fixed sum to a common fund is called

Which characteristic of money is crucial for it to be used as a medium of exchange?

Money can be easily acquired and disposed of without high costs and with relative certainty as to its value. Which characteristic of money does this describe?

The exchange of goods and services for other goods and services is known as:

In order for exchange to take place, there must be a

Which of the following items will NOT be considered commodity money

“A monetary system where a country's currency or paper money has a value directly linked to gold” This statement above is called the:

"The Republic of Plentidolla in Eurpoe attempted to solve its economic issue by printing and distributing double the amount of money it now has, leading to greater economic problems" Which feature of money does this describe:

TV-Mart had a one day 50% sale on 60 inch Samsung flat screens. There was one last TV in store and Frank N Stein went to purchase it via cheque, however, the cashier refused to accept it and sold it to the person behind him for cash. What would have been the feature of Frank's payment by cheque that did not allow him to buy the TV.

A pair of shoes for $100 is worth four times as much as a cap. This function deals with the price of items

Trade is facilitated because money is acceptable

My flat screen tv can be bought on hire purchase

It can be accumulated and used to purchase a car in 3 years.

The total stock of money in the economy at a particular time is referred to as