Please answer all of the questions this is review for my final & I\'d like to Ma

Question

Please answer all of the questions this is review for my final & I'd like to Maximize my results by asking as many questions as I can.
1.) The three important functions of money are _____. A.) unit of account, facilitation of trade, and store of value. B. Medium if exchange, unit of account, and store of value. C. Medium of exchange; facilitation of trade, and unit of account. D. Store of value, facilitation of trade, and double coincidence of wants.
2.) The reserve ratio is the ratio of:
A. Federal Reserve Members to all U.S. banks B. A bank's total deposits to its reserves. C. Federal Reserve member banks to nonmembers banks. D. A banks reserves to its total deposits.
3.) The members of the Board of Governors of the Fed are: A. Chosen by the state governors. B. Appointed by the president with the approval of the Senate. C. All replaced after each presidential election D. Elected for seven year terms
4.) The Board of Governors of the Fed consists of: A. Seven elected members B. Seven elected members appointed by the president C. A representative from each of the 12 district banks D. 12 members appointed by the president
5.) the actions of the Fed: A. Must be approved by the president and Congress B. Must be approved by the president alone C. Must be approved by the congress alone D. Are not subject to approval by any branch of government Please answer all of the questions this is review for my final & I'd like to Maximize my results by asking as many questions as I can.
1.) The three important functions of money are _____. A.) unit of account, facilitation of trade, and store of value. B. Medium if exchange, unit of account, and store of value. C. Medium of exchange; facilitation of trade, and unit of account. D. Store of value, facilitation of trade, and double coincidence of wants.
2.) The reserve ratio is the ratio of:
A. Federal Reserve Members to all U.S. banks B. A bank's total deposits to its reserves. C. Federal Reserve member banks to nonmembers banks. D. A banks reserves to its total deposits.
3.) The members of the Board of Governors of the Fed are: A. Chosen by the state governors. B. Appointed by the president with the approval of the Senate. C. All replaced after each presidential election D. Elected for seven year terms
4.) The Board of Governors of the Fed consists of: A. Seven elected members B. Seven elected members appointed by the president C. A representative from each of the 12 district banks D. 12 members appointed by the president
5.) the actions of the Fed: A. Must be approved by the president and Congress B. Must be approved by the president alone C. Must be approved by the congress alone D. Are not subject to approval by any branch of government Please answer all of the questions this is review for my final & I'd like to Maximize my results by asking as many questions as I can.
A.) unit of account, facilitation of trade, and store of value. B. Medium if exchange, unit of account, and store of value. C. Medium of exchange; facilitation of trade, and unit of account. D. Store of value, facilitation of trade, and double coincidence of wants.
2.) The reserve ratio is the ratio of:
A. Federal Reserve Members to all U.S. banks B. A bank's total deposits to its reserves. C. Federal Reserve member banks to nonmembers banks. D. A banks reserves to its total deposits.
3.) The members of the Board of Governors of the Fed are: A. Chosen by the state governors. B. Appointed by the president with the approval of the Senate. C. All replaced after each presidential election D. Elected for seven year terms
4.) The Board of Governors of the Fed consists of: A. Seven elected members B. Seven elected members appointed by the president C. A representative from each of the 12 district banks D. 12 members appointed by the president
5.) the actions of the Fed: A. Must be approved by the president and Congress B. Must be approved by the president alone C. Must be approved by the congress alone D. Are not subject to approval by any branch of government

Explanation / Answer

1)

B. Medium if exchange, unit of account, and store of value.

as it can be used as exchange to trade for goods, it can be measured on unit basis such as 1 dollar, 100 dollars etc.

It can be stored in cash , investments etc.

please note we only do one question asper Chegg

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