ECON MISC
Banking,n n2154 TEST
and Financial BANK 6e
Markets
nn FOR
n EXAM Chapter
(Mishkin)
n 2020 ( Eco
n 3)nomics of Money,
nn n n nn n n n n n
ECON MISC 2154 TEST BANK FOR EXAM
n n n n n n
2020 ( Economics of Money, Banking, and Fi
n n n n n n n
nancial Markets 6e (Mishkin) Chapter 3)
n n n n n
2154nTESTnBANKnFORnEXAMn2020
EconomicsnofnMoney,nBanking,nandnFinancialnMarketsn6en(Mishkin)nChapte
rn3n WhatnIsnMoney?
3.1 Meaningn of n Money
1) A nperson'sn housen isn part n of n her .
A) money
B) income
C) liabilities
D) wealthn
Answer:n D
Diff:n 1
Type:nMC
n Skill:n Recall
Objective:n 3.1n Describen what n moneyn is
2) Moneyn is .
A) anythingn that n isn generallyn accepted ninn payment nforn goodsnandn servicesn orn inn thenrepayment n ofnd
ebt
B) an flow n of n earningsn pern unit n of n time
C) then totaln collectionn of n piecesn of n propertyn that n aren an storen of n value
D) alwaysn based n onn an preciousn metaln liken gold n orn silvern
Answer:n A
Diff:n 1
Type:nMC
n Skill:n Recall
Objective:n 3.1n Describen what n moneyn is
3) Ton ann economist,
isn anythingn that n isn generallynaccepted ninn payment nforn goodsn and n servicesn orn inn then repayment n
of n debt.
A) wealth
B) income
C) money
D) credit n A
nswer:n C
Diff:n 1
Type:nMC
n Skill:n Recall
Objective:n 3.1n Describen what n moneyn is
ECON MISC
Banking,n n2154 TEST
and Financial BANK 6e
Markets
nn FOR
n EXAM 2020
(Mishkin)
n n ( Eco
Chapter 3)nomics of Money,
nn n n nn n n n n n
,ECON MISC
Banking,
n n 2154 TEST
and Financial
nn BANK 6e
Markets
n FOR
n EXAM Chapter
(Mishkin)
n 2020 ( Eco
nn n3)nomics of Money,
n nn n n n n n
4) Currencynisn defined n as .
A) anythingn accepted n forn payment n of n goodsn and n services
B) papern moneyn and n coins
C) an unit n of n account
ECON MISC
Banking,
n n 2154 TEST
and Financial
nn BANK 6e
Markets
n FOR
n EXAM 2020
(Mishkin)
n nn( Eco
Chaptern3)nomics of Money,
n nn n n n n n
,ECON MISC
Banking,
n n 2154 TEST
and Financial
nn BANK 6e
Markets
n n FOR
n EXAM Chapter
(Mishkin)
nn n 2020 ( Eco
n nn3)nomics of Money,
n n n n n
D) foreignnexchange
n Answer:n B
ECON MISC
Banking,
n n 2154 TEST
and Financial
nn BANK 6e
Markets
n n FOR
n EXAM 2020
(Mishkin)
nn n n ( Eco
Chapter
nn3)nomics of Money,
n n n n n
, ECON MISC
Banking,
n 2154 TEST
and Financial
n nn BANK 6e
Markets
n FOR
n EXAM Chapter
(Mishkin)
n 2020 ( Eco
nn 3)nomics of Money,
n n nn n n n n n
Diff:n 1
Type:nMC
n Skill:n Recall
Objective:n 3.1n Describen what n moneyn is
5) Moneyn is .
A) then samen asn currency
B) anythingn that n isn generallyn accepted ninn payment nofngoodsnornservicesn orn inn thenrepayment nofnd
ebts
C) not n used n asn an unit n of n account
D) defined n asnpapern moneynandn coinsn
Answer:n B
Diff:n 1
Type:nMC
n Skill:n Recall
Objective:n 3.1n Describen what n moneyn is
6) Currencyn includes .
A) papern moneyn and n coins
B) papernmoney,n coins,n and n cheques
C) papern moneyn and n cheques
D) papernmoney,ncoins,ncheques,nand nsavingsndepositsn
Answer:n A
Diff:n 1
Type:nMC
n Skill:n Recall
Objective:n 3.1n Describen what n moneyn is
7) Theren isn non singlen precisen measuren of n moneyn orn then moneyn supplyn forn economistsn because
.
A) then government n considersn moneyn supplyn statisticsn tonbenconfidentialn andnrefusesn ton publishn t
hem
B) decidingn what nisn generallyn accepted ninnpayment n forngoodsnandnservicesn orn inn then repaymentno
f n debt n isn difficult n ton determine
C) economistsn cannot n agreen if n currencynshould n ben considered n money
D) definitionsn changenalln then timen
Answer:n B
Diff:n 2
Type:nMC
n Skill:n Recall
Objective:n 3.1n Describen what n moneyn is
8) Evenn economistsn haven non single,n precisen definitionn of n moneyn because .
A) moneyn supplyn statisticsn aren an staten secret
B) then Bankn of n Canadan doesn not n employn orn report n different n measuresn of n then moneyn supply
C) then "moneyness"n orn liquidityn of n ann asset n isn an mattern of n degree
D) economistsn find n disagreement n interestingn andn refusen ton agreen forn ideologicaln reasonsn
Answer:n C
Diff:n 2
Type:nMC
n Skill:n Recall
Objective:n 3.1n Describen what n moneyn is
ECON MISC
Banking,
n 2154 TEST
and Financial
n nn BANK 6e
Markets
n FOR
n EXAM 2020
(Mishkin)
n ( Eco
Chapter
nn 3)nomics of Money,
n n nn n n n n n
Banking,n n2154 TEST
and Financial BANK 6e
Markets
nn FOR
n EXAM Chapter
(Mishkin)
n 2020 ( Eco
n 3)nomics of Money,
nn n n nn n n n n n
ECON MISC 2154 TEST BANK FOR EXAM
n n n n n n
2020 ( Economics of Money, Banking, and Fi
n n n n n n n
nancial Markets 6e (Mishkin) Chapter 3)
n n n n n
2154nTESTnBANKnFORnEXAMn2020
EconomicsnofnMoney,nBanking,nandnFinancialnMarketsn6en(Mishkin)nChapte
rn3n WhatnIsnMoney?
3.1 Meaningn of n Money
1) A nperson'sn housen isn part n of n her .
A) money
B) income
C) liabilities
D) wealthn
Answer:n D
Diff:n 1
Type:nMC
n Skill:n Recall
Objective:n 3.1n Describen what n moneyn is
2) Moneyn is .
A) anythingn that n isn generallyn accepted ninn payment nforn goodsnandn servicesn orn inn thenrepayment n ofnd
ebt
B) an flow n of n earningsn pern unit n of n time
C) then totaln collectionn of n piecesn of n propertyn that n aren an storen of n value
D) alwaysn based n onn an preciousn metaln liken gold n orn silvern
Answer:n A
Diff:n 1
Type:nMC
n Skill:n Recall
Objective:n 3.1n Describen what n moneyn is
3) Ton ann economist,
isn anythingn that n isn generallynaccepted ninn payment nforn goodsn and n servicesn orn inn then repayment n
of n debt.
A) wealth
B) income
C) money
D) credit n A
nswer:n C
Diff:n 1
Type:nMC
n Skill:n Recall
Objective:n 3.1n Describen what n moneyn is
ECON MISC
Banking,n n2154 TEST
and Financial BANK 6e
Markets
nn FOR
n EXAM 2020
(Mishkin)
n n ( Eco
Chapter 3)nomics of Money,
nn n n nn n n n n n
,ECON MISC
Banking,
n n 2154 TEST
and Financial
nn BANK 6e
Markets
n FOR
n EXAM Chapter
(Mishkin)
n 2020 ( Eco
nn n3)nomics of Money,
n nn n n n n n
4) Currencynisn defined n as .
A) anythingn accepted n forn payment n of n goodsn and n services
B) papern moneyn and n coins
C) an unit n of n account
ECON MISC
Banking,
n n 2154 TEST
and Financial
nn BANK 6e
Markets
n FOR
n EXAM 2020
(Mishkin)
n nn( Eco
Chaptern3)nomics of Money,
n nn n n n n n
,ECON MISC
Banking,
n n 2154 TEST
and Financial
nn BANK 6e
Markets
n n FOR
n EXAM Chapter
(Mishkin)
nn n 2020 ( Eco
n nn3)nomics of Money,
n n n n n
D) foreignnexchange
n Answer:n B
ECON MISC
Banking,
n n 2154 TEST
and Financial
nn BANK 6e
Markets
n n FOR
n EXAM 2020
(Mishkin)
nn n n ( Eco
Chapter
nn3)nomics of Money,
n n n n n
, ECON MISC
Banking,
n 2154 TEST
and Financial
n nn BANK 6e
Markets
n FOR
n EXAM Chapter
(Mishkin)
n 2020 ( Eco
nn 3)nomics of Money,
n n nn n n n n n
Diff:n 1
Type:nMC
n Skill:n Recall
Objective:n 3.1n Describen what n moneyn is
5) Moneyn is .
A) then samen asn currency
B) anythingn that n isn generallyn accepted ninn payment nofngoodsnornservicesn orn inn thenrepayment nofnd
ebts
C) not n used n asn an unit n of n account
D) defined n asnpapern moneynandn coinsn
Answer:n B
Diff:n 1
Type:nMC
n Skill:n Recall
Objective:n 3.1n Describen what n moneyn is
6) Currencyn includes .
A) papern moneyn and n coins
B) papernmoney,n coins,n and n cheques
C) papern moneyn and n cheques
D) papernmoney,ncoins,ncheques,nand nsavingsndepositsn
Answer:n A
Diff:n 1
Type:nMC
n Skill:n Recall
Objective:n 3.1n Describen what n moneyn is
7) Theren isn non singlen precisen measuren of n moneyn orn then moneyn supplyn forn economistsn because
.
A) then government n considersn moneyn supplyn statisticsn tonbenconfidentialn andnrefusesn ton publishn t
hem
B) decidingn what nisn generallyn accepted ninnpayment n forngoodsnandnservicesn orn inn then repaymentno
f n debt n isn difficult n ton determine
C) economistsn cannot n agreen if n currencynshould n ben considered n money
D) definitionsn changenalln then timen
Answer:n B
Diff:n 2
Type:nMC
n Skill:n Recall
Objective:n 3.1n Describen what n moneyn is
8) Evenn economistsn haven non single,n precisen definitionn of n moneyn because .
A) moneyn supplyn statisticsn aren an staten secret
B) then Bankn of n Canadan doesn not n employn orn report n different n measuresn of n then moneyn supply
C) then "moneyness"n orn liquidityn of n ann asset n isn an mattern of n degree
D) economistsn find n disagreement n interestingn andn refusen ton agreen forn ideologicaln reasonsn
Answer:n C
Diff:n 2
Type:nMC
n Skill:n Recall
Objective:n 3.1n Describen what n moneyn is
ECON MISC
Banking,
n 2154 TEST
and Financial
n nn BANK 6e
Markets
n FOR
n EXAM 2020
(Mishkin)
n ( Eco
Chapter
nn 3)nomics of Money,
n n nn n n n n n
