Ch 10 HS Economics

Jeremy Allen
Quiz by Jeremy Allen, updated more than 1 year ago
Jeremy Allen
Created by Jeremy Allen over 3 years ago
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Quiz

Resource summary

Question 1

Question
A money that can be saved without losing its value over time acts as a
Answer
  • fiat money
  • medium of exchange
  • standard of value
  • store of value

Question 2

Question
Savings deposits are near money because
Answer
  • 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

Question 3

Question
Which of the following properties best explains why gold has been used so often as money?
Answer
  • uniformity
  • currency
  • portability
  • 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
  • M2
  • M1 plus M2
  • M1
  • M2 minus M1

Question 5

Question
The First Bank of the United States
Answer
  • 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
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