. Match each concept in Column A with a definition or example in Column B. Column A Column B а. Еxcess 1. The ease of use of an asset as a medium of exchange reserves b. Barter 2. A measure of the money supply that includes currency, checkable deposits, and traveler's checks 3. An institution such as a bank, savings and loan association, or life insurance company that accepts funds from savers and makes loans to borrowers c. Deflation d. Required 4. A good used as money that is also valuable in itself reserves e. Liquidity 5. When the aggregate price level falls f. Commodity 6. A medium of exchange that is accepted as money accepted because the government says it has money value 7. A measure of the money supply that includes all of Ml plus savings deposits, small certificates of deposit, and retail money market funds g. Fiat money 8. Exchange of goods, services, or assets directly for other goods, services, or assets, without the use of money h. Ml money i. M2 money 9. The portion of bank reserves that banks must keep on reserve j. Financial intermediary 10. The portion of bank reserves that banks are permitted to lend to their customers

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter13: Money And The Financial System
Section: Chapter Questions
Problem 1.4P
icon
Related questions
Question

Please answer fully

7. Match each concept in Column A with a definition or example in Column B.
Column A
Column B
а. Еxcess
1. The ease of use of an asset as a medium of exchange
reserves
b. Barter
2. A measure of the money supply that includes currency, checkable deposits, and traveler's checks
3. An institution such as a bank, savings and loan association, or life insurance company that accepts
c. Deflation
funds from savers and makes loans to borrowers
d. Required
4. A good used as money that is also valuable in itself
reserves
e. Liquidity
f. Commodity 6. A medium of exchange that is accepted as money accepted because the government says it has
5. When the aggregate price level falls
money
value
7. A measure of the money supply that includes all of Ml plus savings deposits, small certificates of
deposit, and retail money market funds
8. Exchange of goods, services, or assets directly for other goods, services, or assets, without the use
g. Fiat money
h. Ml money
of money
i. M2 money
9. The portion of bank reserves that banks must keep on reserve
j. Financial
intermediary
10. The portion of bank reserves that banks are permitted to lend to their customers
Transcribed Image Text:7. Match each concept in Column A with a definition or example in Column B. Column A Column B а. Еxcess 1. The ease of use of an asset as a medium of exchange reserves b. Barter 2. A measure of the money supply that includes currency, checkable deposits, and traveler's checks 3. An institution such as a bank, savings and loan association, or life insurance company that accepts c. Deflation funds from savers and makes loans to borrowers d. Required 4. A good used as money that is also valuable in itself reserves e. Liquidity f. Commodity 6. A medium of exchange that is accepted as money accepted because the government says it has 5. When the aggregate price level falls money value 7. A measure of the money supply that includes all of Ml plus savings deposits, small certificates of deposit, and retail money market funds 8. Exchange of goods, services, or assets directly for other goods, services, or assets, without the use g. Fiat money h. Ml money of money i. M2 money 9. The portion of bank reserves that banks must keep on reserve j. Financial intermediary 10. The portion of bank reserves that banks are permitted to lend to their customers
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Market Demand
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ECON MACRO
ECON MACRO
Economics
ISBN:
9781337000529
Author:
William A. McEachern
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning