Question 1- Which of these signifies the role of money in an economy?

a- It acts as a tool for poverty alleviation in the economy.

b- It serves as a medium of exchange in the economy.

c- It indicates the economic wellbeing of a nation.

d- It helps differentiate between the nominal and real income of a nation.

e- It is a clear indicator of the growth in national income.

Question 2 - An example of a stock variable in economic theory will be _____

a - the amount of money saved by an individual each week.

b - the amount of money spent on buying gasoline each month.

c - the weekly grocery bill of an average household.

d - the total value of the government bonds held by an individual.

e - the total fiscal spending during a particular quarter.

Question 3 An example of a flow variable in economics is _____

a- the total amount of bank loan taken by Emily.

b- the value of an apartment owned by Jerome.

c -the price of an antique painting used to decorate an office.

d -the earnings of Malaya from teaching piano classes each month.

e -the total value of the U.S. treasury bonds held by China.