Jeremy Allen
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Jeremy Allen
Created by Jeremy Allen almost 4 years ago
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  • Ch 10 HS Economics

    Question 1 of 5

    1

    A money that can be saved without losing its value over time acts as a

    Select one of the following:

    • fiat money

    • medium of exchange

    • standard of value

    • store of value

    Explanation

    Question 2 of 5

    1

    Savings deposits are near money because

    Select one of the following:

    • 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

    Explanation

    Question 3 of 5

    1

    Which of the following properties best explains why gold has been used so often as money?

    Select one of the following:

    • uniformity

    • currency

    • portability

    • scarcity

    Explanation

    Question 4 of 5

    1

    An economist who wanted to know how much money is available for Americans to spend today and in the near future would look at

    Select one of the following:

    • M2

    • M1 plus M2

    • M1

    • M2 minus M1

    Explanation

    Question 5 of 5

    1

    The First Bank of the United States

    Select one of the following:

    • 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

    Explanation