id 9505 b-i &course-id-; _28799-1 &content;_id:-156 QUESTION 16 The members of t
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id 9505 b-i &course-id-; _28799-1 &content;_id:-156 QUESTION 16 The members of the Federal Reserve Board of Governors serve: 6-year terms 4-year terms. o 10-year terms. o 14-year terms. 2-year terms. QUESTION 17 Which of the following defines the "unit of account function of money? A common measurement of the relative value of different goodsand services. The ability of money to hold value over time. e The materials used to manufacture money are of medium grade or quality, so that people will not value hoard money for its commodity e Money is widely accepted in exchange for goods and services. QUESTION 18 Which of the following defines the store of value function of money? A common measurement of the relative value of different goods and services @ The ability of money to hold value over time That the materials used to manufacture money are of medium grade or quality, so that people will not hoard money for its commodity value That money is widely accepted in exchange for goods and servicesExplanation / Answer
16. The members of Fed Board of governors serve for 14- years term.
OPTION D
17. Unit of account refers to the ability of currency which allows common measurement of relative value of different goods and services. OPTION A
18. OPTION B
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