Money is defined as Selected Answer: .(2) Any asset that can be used in the repayment of debt Answers: Any asset that has value Any asset that can be used in the repayment of debt Any asset declared as legal tender by the government Anything generally accepted as payment for goods and services and the repayment of debt Paper currency and metal coins used to store and transfer value Question 39 FDIC insurance protects (2) Selected Answer: Investors in retirement funds Answers: Investors in a bank in case it fails Banks in case a loan is not paid Banks to protect their reserves Investors in retirement funds Depositors at banks Question 40 Which of the following is true about the level of interest rates in the economy? (2) Selected Answer: Low interest rates are preferred by savers while high interest rates are preferred by borrowers Answers: The level of interest rates does not matter in the economy since it only affects banks Low interest rates are preferred by savers while high interest rates are preferred by borrowers Low interest rates are preferred by borrowers while high interest rates are preferred by swers Low interest rates are best for the economy since they encourage spending High interest rates are best for the economy since they encourage spending Question 41 beat the market since prices are generally (2) If the market is efficient investors x Selected Answer: Can incorrect Answers: Cant correct Can incorrect Cannot correct Cannot incorrect