7919734
Description
Quiz by Jeremy Allen, updated more than 1 year ago
|
Created by Jeremy Allen
about 7 years ago
|
|
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
Want to create your own Quizzes for free with GoConqr? Learn more.