Ch 10 HS Economics

Beschreibung

Quiz
Jeremy Allen
Quiz von Jeremy Allen, aktualisiert more than 1 year ago
Jeremy Allen
Erstellt von Jeremy Allen vor fast 8 Jahre
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Zusammenfassung der Ressource

Frage 1

Frage
A money that can be saved without losing its value over time acts as a
Antworten
  • fiat money
  • medium of exchange
  • standard of value
  • store of value

Frage 2

Frage
Savings deposits are near money because
Antworten
  • a check must be written for payment
  • they are stored in a bank
  • savings passbooks are not accepted as payment
  • their value fluctuates over time

Frage 3

Frage
Which of the following properties best explains why gold has been used so often as money?
Antworten
  • uniformity
  • currency
  • portability
  • scarcity

Frage 4

Frage
An economist who wanted to know how much money is available for Americans to spend today and in the near future would look at
Antworten
  • M2
  • M1 plus M2
  • M1
  • M2 minus M1

Frage 5

Frage
The First Bank of the United States
Antworten
  • failed to achieve Hamilton's goals and therefore it was dissolved
  • achieved its goals, yet opponents convinced Congress not to renew the charter
  • was dissolved by Andrew Jackson because he distrusted it
  • fell into mismanagement after Hamilton was killed by Burr
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