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Money Quiz 8 (20 MCQs)

Quiz Instructions

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1. Which of the following statements is true?
2. ..... is a flow of earnings per unit of time.
3. This type of money is valuable because it is made of something valuable.
4. If you're not using money to pay for goods or services, you're likely using this:
5. Functions of Banks include all of the following EXCEPT:
6. Which of the following is a function of money?
7. ..... is a sudden rush by depositors to withdraw their deposited funds from banks.
8. Even when fiscal policy changes are enacted, it takes time for the changes to takeEffect. This is known as the ..... effect.
9. This term refers to the ease with which you can convert an asset to cash with little or no loss of purchasing power.
10. Commercial bank create credit money by way of .....
11. Seizure of property because someone isn't able to pay back their loan on it, commonly referred to in home ownership repossession
12. This is the interest rate the Federal Reserves charges banks to borrow money.
13. Carl wants a new computer. He goes to 6 different stores on the weekend comparing prices. Carl is using money as
14. The amount one must pay to borrow money from someone else
15. Money taken out of your checking account.
16. Precious metal coins were first used as money in .....
17. Stock prices are
18. Which is not the function if central bank
19. Redirecting resources from being consumed today to create future benefits
20. All the following would promote contractionary monetary policy EXCEPT
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