7919734
Description
Quiz by Jeremy Allen, updated more than 1 year ago
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Created by Jeremy Allen
over 7 years ago
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Question 1
Question
A money that can be saved without losing its value over time acts as a
Answer
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fiat money
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medium of exchange
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standard of value
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store of value
Question 2
Question
Savings deposits are near money because
Answer
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a check must be written for payment
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they are stored in a bank
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savings passbooks are not accepted as payment
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their value fluctuates over time
Question 3
Question
Which of the following properties best explains why gold has been used so often as money?
Answer
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uniformity
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currency
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portability
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scarcity
Question 4
Question
An economist who wanted to know how much money is available for Americans to spend today and in the near future would look at
Answer
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M2
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M1 plus M2
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M1
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M2 minus M1
Question 5
Question
The First Bank of the United States
Answer
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failed to achieve Hamilton's goals and therefore it was dissolved
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achieved its goals, yet opponents convinced Congress not to renew the charter
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was dissolved by Andrew Jackson because he distrusted it
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fell into mismanagement after Hamilton was killed by Burr
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