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Đáp án của bạn

1/53

Thuật ngữ

Which of the following is not included in the M1 measure of money but

is included in the M2 measure of money?

Làm tốt lắm!

 Currency Traveler's checks

Small-denomination time
Demand deposits
deposits

2/53

Thuật ngữ

A smart card is the equivalent of

Tuyệt vời!

cash. savings bonds.

savings deposits. certificates of deposit.

3/53

Thuật ngữ

If an individual moves money from a savings deposit account to a

money market deposit account,
Xuất sắc!

M1 decreases and M2 stays the same. M1 stays the same and M2 increases.

M1 stays the same and M2 stays

M1 increases and M2 decreases.
the same.

4/53

Thuật ngữ

For a commodity to function effectively as money it must be

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easily standardized, making it

difficult to make change.
easy to ascertain its value.

deteriorate quickly so that its supply

hard to carry around.
does not become too large.
 5/53

Thuật ngữ

As a store of value, money

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does not earn interest. cannot be a durable asset.

is a way of saving for future

must be currency.
purchases.

6/53

Thuật ngữ

A problem with barter exchange when there are many goods is that in
a barter system

Làm tốt lắm!

 there exists a multiple number
transactions costs are minimized.
of prices for each good.

there is only one store of value. exchange of services is impossible.

7/53

Thuật ngữ

If an individual moves money from a demand deposit account to a

money market deposit account,

Tuyệt vời!

M1 decreases and M2 stays the

M1 stays the same and M2 increases.
same.

M1 stays the same and M2 stays the

M1 increases and M2 decreases.
same.
 8/53

Thuật ngữ

The other checkable deposits component of the M1 measure reported

by the Federal Reserve includes

Đừng lo, bạn vẫn đang học mà!

money market mutual fund

negotiable time deposits.
shares.

automatic transfer from savings

money market deposit accounts.
accounts.

9/53

Thuật ngữ

Because it is a unit of account, money

Xuất sắc!

reduces the number of prices

increases transaction costs.
that need to be calculated.
 does not earn interest. discourages specialization.

10/53

Thuật ngữ

Of the following assets, the least liquid is

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stocks. traveler's checks.

checking deposits. a house.

11/53

Thuật ngữ

The M1 measure of money includes

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 small denomination time deposits. traveler's checks.

money market deposit accounts. money market mutual fund shares.

12/53

Thuật ngữ

Which of the following is included in both M1 and M2?

Làm tốt lắm!

Currency Savings deposits

Small-denomination time deposits Money market deposit accounts

13/53

Thuật ngữ

________ is the narrowest monetary aggregate that the Fed reports.

Tuyệt vời!

M0 M1

M2 M3

14/53

Thuật ngữ

If an individual redeems a U.S. savings bond for currency

Chưa đúng, hãy cố gắng nhé!

M1 stays the same and M2 decreases. M1 increases and M2 increases.

M1 increases and M2 stays the M1 stays the same and M2 stays the
same. same.
 15/53

Thuật ngữ

People hold money even during inflationary episodes when other

assets prove to be better stores of value. This can be explained by the
fact that money is

Xuất sắc!

a unique good for which there are no

extremely liquid.
substitutes.

the only thing accepted in economic

backed by gold.
exchange.

16/53

Thuật ngữ

If an individual moves money from a money market deposit account to

currency,

Đừng nản chí, học là một quá trình!

M1 increases and M2 stays the M1 stays the same and M2

same. increases.
 M1 stays the same and M2 stays the
M1 increases and M2 decreases.
same.

17/53

Thuật ngữ

Increasing transactions costs of selling an asset make the asset

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more valuable. more liquid.

less liquid. more moneylike.

18/53

Thuật ngữ

An electronic payments system has not completely replaced the paper

payments system because of all of the following reasons except

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 expensive equipment is necessary to security concerns.
set up the system.

privacy concerns. transportation costs.

19/53

Thuật ngữ

Whatever a society uses as money, the distinguishing characteristic is

that it must

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be generally acceptable as
payment for goods and
be completely inflation proof.
services or in the repayment of
debt.

contain gold. be produced by the government.

20/53

Thuật ngữ

Which of the following is not included in the monetary aggregate M2?

Tuyệt vời!

Currency Savings bonds

Traveler's checks Checking deposits

21/53

Thuật ngữ

As the payments system evolves from barter to a monetary system,

Xuất sắc!

commodity money is likely to

precede the use of paper transaction costs increase.
currency.

the number of prices that need to be

calculated increase rather specialization decreases.
dramatically.

22/53

Thuật ngữ
If an individual moves money from currency to a demand deposit
account,

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M1 decreases and M2 stays the same. M1 stays the same and M2 increases.

M1 stays the same and M2 stays

M1 increases and M2 stays the same.
the same.

23/53

Thuật ngữ

Since it does not have to be converted into anything else to make

purchases, ________ is the most liquid asset.

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money stock

artwork gold

24/53
Thuật ngữ

An important characteristic of the modern payments system has been

the rapidly increasing use of

Làm tốt lắm!

checks and decreasing use of

electronic fund transfers.
currency.

commodity monies. fiat money.

25/53

Thuật ngữ

Dennis notices that jackets are on sale for $99. In this case money is
functioning as a

Tuyệt vời!

medium of exchange. unit of account.

store of value. payments-system ruler.

 26/53

Thuật ngữ

Kevin purchasing concert tickets with his debit card is an example of

the ________ function of money.

Xuất sắc!

medium of exchange unit of account

store of value specialization

27/53

Thuật ngữ

________ money could be used for some other purpose other than as a
medium of exchange, for example, gold coins could be melted down
and turned into gold jewelry.

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 Commodity Fiat

Paper Electronic

28/53

Thuật ngữ

The evolution of the payments system from barter to precious metals,

then to fiat money, then to checks can best be understood as a
consequence of the fact that

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paper is more costly to produce than precious metals were not generally
precious metals. acceptable.

precious metals were difficult paper money is less accepted than

to carry and transport. checks.
 29/53

Thuật ngữ

If an individual moves money from a small-denomination time deposit

to a demand deposit account,

Làm tốt lắm!

M1 increases and M2 stays the

M1 stays the same and M2 increases.
same.

M1 stays the same and M2 stays the

M1 increases and M2 decreases.
same.

30/53

Thuật ngữ

Which of the following is not a form of e-money?

Tuyệt vời!

a debit card a credit card

 a stored-value card a smart card

31/53

Thuật ngữ

Although ________ currency is lighter than coins made of metals, a

disadvantage arising from modern technology is the ease of ________.

Đừng lo, bạn vẫn đang học mà!

paper; transport commodity; counterfeiting

fiat; transport paper; counterfeiting

32/53

Thuật ngữ

Of the following, the largest is

Xuất sắc!
 money market deposit accounts. demand deposits.

M1. M2.

33/53

Thuật ngữ

The M2 monetary aggregate contains everything that is in M1 plus

other assets that are highly ________ (can be turned into cash quickly at
very little cost).

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liquid stable

consistent efficient

34/53

Thuật ngữ

The conversion of a barter economy to one that uses money

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 increases efficiency by reducing the
increases efficiency by reducing the
need to exchange goods and
need to specialize.
services.

increases efficiency by does not increase economic

reducing transactions costs. efficiency.

35/53

Thuật ngữ

A disadvantage of ________made from precious metals is that it is very

heavy and hard to transport from one place to another.

Làm tốt lắm!

commodity money fiat money

electronic money paper money

 36/53

Thuật ngữ

When paper currency is decreed by governments as legal tender,

legally it must be

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a precious metal such as gold or

paper currency backed by gold.
silver.

convertible into an electronic

accepted as payment for debts.
payment.

37/53

Thuật ngữ

Compared to checks, paper currency and coins have the major

drawbacks that they

Xuất sắc!

are easily stolen. are hard to counterfeit.

 are not the most liquid assets. must be backed by gold.

38/53

Thuật ngữ

All of the following are necessary criteria for a commodity to function

as money except

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it must deteriorate quickly. it must be divisible.

it must be easy to carry. it must be widely accepted.

39/53

Thuật ngữ

Which of the following statements accurately describes the two

measures of the money supply?

Chưa đúng, hãy cố gắng nhé!

 The two measures do not move The two measures' movements
together, so they cannot be closely parallel each other,
used interchangeably by even on a month-to-month
policymakers. basis.

Short-run movements in the money M2 is the narrowest measure the Fed

supply are extremely reliable. reports.

40/53

Thuật ngữ

Of money's three functions, the one that distinguishes money from

other assets is its function as a

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store of value. unit of account.

standard of deferred payment. medium of exchange.

 41/53

Thuật ngữ

Which of the following is included in M2 but not in M1?

Làm tốt lắm!

NOW accounts Demand deposits

Money market mutual fund

Currency
shares (retail)

42/53

Thuật ngữ

Ranking assets from most liquid to least liquid, the correct order is

Tuyệt vời!
 currency; savings bonds;
savings bonds; house; currency.
house.

currency; house; savings bonds. house; savings bonds; currency.

43/53

Thuật ngữ

Paper currency that has been declared legal tender but is not
convertible into coins or precious metals is called ________ money.

Xuất sắc!

commodity fiat

electronic funny

44/53

Thuật ngữ

The components of the U.S. M1 money supply are demand and

checkable deposits plus
Bạn sẽ làm được!

currency. currency plus savings deposits.

currency plus travelers checks plus

currency plus travelers checks.
money market deposits.

45/53

Thuật ngữ

If an individual uses money from a demand deposit account to

purchase a U.S. savings bond,

Đừng nản chí, học là một quá trình!

M1 decreases and M2 stays the

M1 stays the same and M2 increases.
same.

M1 stays the same and M2 stays the M1 decreases and M2

same. decreases.

46/53

Thuật ngữ
When compared to exchange systems that rely on money,
disadvantages of the barter system include:
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the requirement of a double lowering the cost of exchanging

coincidence of wants. goods over time.

lowering the cost of exchange to encouraging specialization and the

those who would specialize. division of labor.

47/53

Thuật ngữ

Patrick places his pocket change into his savings bank on his desk each
evening. By his actions, Patrick indicates that he believes that money is
a

Làm tốt lắm!

medium of exchange. unit of account.

store of value. unit of specialization.

48/53
Thuật ngữ

When money prices are used to facilitate comparisons of value, money

is said to function as a

Tuyệt vời!

unit of account. medium of exchange.

store of value. payments-system ruler.

49/53

Thuật ngữ

If peanuts serve as a medium of exchange, a unit of account, and a

store of value, then peanuts are

Xuất sắc!

bank deposits. reserves.

money. loanable funds.

 50/53

Thuật ngữ

Which of the following sequences accurately describes the evolution

of the payments system?

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Barter, coins made of precious Barter, coins made of precious

metals, paper currency, checks, metals, checks, paper currency,
electronic funds transfers electronic funds transfers

Barter, checks, paper currency, coins

Barter, checks, paper currency,
made of precious metals, electronic
electronic funds transfers
funds transfers

51/53

Thuật ngữ

________ are the time and resources spent trying to exchange goods and
services.

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Bargaining costs. Transaction costs.

 Contracting costs. Barter costs.

52/53

Thuật ngữ

Which of the following statements uses the economists' definition of

money?

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I plan to earn a lot of money over the

Betsy is rich—she has a lot of money.
summer.

I hope that I have enough The job with New Company gave me
money to buy my lunch today. the opportunity to earn more money.

53/53

Thuật ngữ

All but the most primitive societies use money as a medium of

exchange, implying that

Tuyệt vời!
 the use of money is barter exchange is economically
economically efficient. efficient.

barter exchange cannot work outside

inflation is not a concern.
the family.