QUESTI 10 points Save Answer Which of the following is NOT one of the functions

Question

QUESTI 10 points Save Answer Which of the following is NOT one of the functions of money? unit of account medium of exchange store of value QUESTI 10 points Save Answer When money is used to acquire goods and services it is functioning as a: unit of account store of value medium of exchange standard of deferred QUEST? 10 points Save Answer There would be fewer transactions in a world with no money because of O a lack of banks. Othe double coincidence of O a lack of private savings. the money multiplier. QUESTI 10 points Save Answer Which of the following appears in M2 but not in M1? savings accounts traveler s checks checking accounts

Explanation / Answer

1) Solution: commodity

Explanation: The three roles played by money are -Store of value, Unit of account and Medium of exchange

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2) Solution: Medium of exchange

Explanation: People have requirements and wants that they cannot produce themselves. Thus the money can be used for buying and selling of products and services

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3) Solution: money multiplier

Explanation: The Money Multiplier effect results an initial deposit to a bigger final rise in the total money supply

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4) Solution: saving accounts

Explanation: M2 includes M1 plus savings accounts

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