Which of the following are characteristics of "good" money? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. O Backed by both gold and silver O Convenience O Stability of value W Backed by gold O Mobility
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- 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 assetsIndicate whether the given statements is true (T) or false (F): "Simple interest ignores the time value of money principle".Which property is consistent with the functions of money? Unit of account medium of exchange store of value all of the above
- Which function of money is in each of the following cases demonstrating? (1) You pay $10 for a movie ticket. (2) You deposit your tax refund check in your saving account. (3) A restaurant manager sets the prices of meals she serves in dollars.One limitation of using money as a store of value is that: a) money needs to be divisible and portable b) money loses value over time due to inflation c) money is not readily acceptable everywhere in return for goods and services d) money is not very liquidIdentify 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.
- Explain Money, and the four assets that qualify as money.Consider the three functions of money discussed in class: medium of exchange, unit of account, and store of value. Choose one function and describe what it means. What would economic transactions be like without this function? Would life be better or worse?A main difference between using cigarettes and using dollars as money is that have intrinsic value.
- Explain the role of money in societyWrite an essay about: How is money created in an economy? What is ‘fiat money’ and are holders of fiat money exposed to any risks? Provide in text references/paraphrasing. Cannot 400-500 wordsCompared to money, bonds are Select one: a. less liquid and riskier. b. less liquid and less risky. c. more liquid and less risky. d. less liquid and of equal risk. e. more liquid and riskier.