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- Dena won $200 in the lottery. She deposits her $200 winnings into a money market fund so that she can use the money next year to help her pay her tuition. This is an example of money serving as a(n) Group of answer choices unit of account. investment good. store of value. medium of exchange.Buying a cup of coffee with a dollar bill represents the use of money as aWhen you pay $10 for chicken you ordered for dinner, you are using money as a(n)Group of answer choices store of value. investment good. unit of account. medium of exchange.
- If the currency is backed by a local, consumable product, then the following benefit is there- Select one: a. substantial storage cost b. volatile price. c. volatile production d. All of these e. it would provide a way to control the volume of money created5. Dena won $1,000 at a bingo game. She deposits her $1,000 winning into a money market fund so that she can use the money next year to pay her tuition. This is an example of money serving as a (an): unit of account. medium of exchange. store of value. investment good.An advantage that money has over other assets is that it: Answer a. Provides a higher return to the owner b. Is a safer asset to hold during times of inflation c. Increases in value overtime d. Has lower transaction costs to use as a means of payment than other assets
- 15. Cheques, Demand Drafts are example of question 15 options: Fiat Money Fiduciary Money Credit Money Full Bodied MoneyWhat will be the demand deposit if the cash reserve ratio is 28.5% and the cash reserve are 1200?"U.S. dollar maintains its value over the last year" is an example of which function of money? Question 1 options: a) Medium of exchange b) Unit of account c) Standard of deferred payment d) Store of value
- Identify which one is M1, M2 or both i)1000Taka Eid gift from relatives, ii) employer pays salary to employee in their bank account iii) a 10 year fixed deposit iv) traveler’s check iv) MMMF.1. Credit reports: A. Only report credit history under your current name B. Only report payments that were made on time C. Can only be secured without your permission D. Show any liens, foreclosures, or bankruptcies 2. Investments: A. Are the same as savings B. Should be a priority when receiving a paycheck C. Both Are the same as savings and Should be a priority when receiving a paycheck D. None of these 3. An example of a personal asset is a: A. Job B. Paycheck C. Car D. All of these E. None of theseDifferentiate the barter vs. coinage vs. paper/polymer.
