Aa: In the United States, the money supply definitions are based on the which of the following?

a.Elasticity of money b.Liquidity of money c.Amount of purchasing power provided d.Reserve requirements in the banking system e.Velocity of money

Ab: International reserve currencies are currencies that?

a. Used for exports and imports. b. Used to settle international debt. c. Created for international stock market trading. d. None of the above

Ac: Which of the following isn't a function of money?

a.Medium of exchange b. Unit of Account c. Resource for production d. Store of value e. Standard deferred payment

Ad: Which of the following assets in the U.S. would be considered the least liquid?

a. A silver coin b. An antique automobile c. A certificate of deposit (CD) d. A U.S. savings bond

Ba: The 1980 Depository Institutions Deregulation Money Control Act (DIDMCA) permitted thrift institutions to offer many of the same services as commercial banks.

a. True b. False