Fill in the Blank

Please add the appropriate word or words to complete the sentences.

1.Themarket is the intermediary between individual households or firms who demand money and the institution that supplies it.

2.Almost anything can be as long as it is widely accepted and relatively scarce.

3.The primary purpose of is to facilitate exchange in markets.

4.There are three basic functions of money: (1) a medium of , (2) a store of , and (3) a standard accounting .

5.The function of money as a store of value isrelated to the rate of inflation.

6. of money are based on two primary distinctions, liquidity and amount.

7.Liquidity refers to the ability of a(n) to be easily converted into money.

8.Money demand is the willingness and ability of individual households and firms to hold very assets.

9.Price level and RGDP are the two primary determinants that money demand.

10.For banks, their client's deposits represent and loans to customers are .