Test Bank For SOC 2020, 12th Edition All Chapters - 9781260075311.pdf

ECON MISC 2154 TEST BANK FOR EXAM 2020/2021 ( Ec
G G G G G G G G G



onomics of Money, Banking, and Financial Markets 6e (Mish
G G G G G G G G



kin) Chapter 3)LATEST
G G




2154GTESTGBANKGFORGEXAMG202
0/2021


EconomicsGofGMoney,GBanking,GandGFinancialGMarketsG6eG(Mishkin
)GChapterG3G WhatGIsGMoney?

3.1 MeaningGofGMoney

1) AGperson'sGhouseGisGpartGofGher .
A) money
B) income
C) liabilities
D) wealthG
Answer:G D
Diff:G1
Type:GM
CGSkill:G Recall
Objective:G 3.1GDescribeGwhatGmoneyGis

2) MoneyGis .
A) anythingGthatGisGgenerallyGacceptedGinGpaymentGforGgoodsGandGservicesGorGinGtheGrepaymentG
ofGdebt
B) aGflowGofGearningsGperGunitGofGtime
C) theGtotalGcollectionGofGpiecesGofGpropertyGthatGareGaGstoreGofGvalue
D) alwaysGbasedGonGaGpreciousGmetalGlikeGgoldGorGsilv
erGAnswer:G A
Diff:G1
Type:GM
CGSkill:G Recall
Objective:G 3.1GDescribeGwhatGmoneyGis

3) ToGanGeconomist,
isGanythingGthatGisGgenerallyGacceptedGinGpaymentGforGgoodsGandGservicesGorGinGtheGrepayme
ntGofGdebt.
A) wealth
B) income
C) money
D) creditG
Answer:G C
Diff:G1
Type:GM
CGSkill:G Recall
Objective:G 3.1GDescribeGwhatGmoneyGis

,ECON MISC 2154 TEST BANK FOR EXAM 2020/2021 ( Ec
G G G G G G G G G



onomics of Money, Banking, and Financial Markets 6e (Mish
G G G G G G G G



kin) Chapter 3)LATEST
G G




4) CurrencyGisGdefinedGas .
A) anythingGacceptedGforGpaymentGofGgoodsGandGservices
B) paperGmoneyGandGcoins
C) aGunitGofGaccount
D) foreignGexchang
eGAnswer:GB

,ECON MISC 2154 TEST BANK FOR EXAM 2020/2021 ( Ec
G G G G G G G G G



onomics of Money, Banking, and Financial Markets 6e (Mish
G G G G G G G G



kin) Chapter 3)LATEST
G G




Diff:G1
Type:GM
CGSkill:G Recall
Objective:G 3.1GDescribeGwhatGmoneyGis

5) MoneyGis .
A) theGsameGasGcurrency
B) anythingGthatGisGgenerallyGacceptedGinGpaymentGofGgoodsGorGservicesGorGinGtheGrepaymentG
ofGdebts
C) notGusedGasGaGunitGofGaccount
D) definedGasGpaperGmoneyGandGcoin
sGAnswer:GB
Diff:G1
Type:GM
CGSkill:G Recall
Objective:G 3.1GDescribeGwhatGmoneyGis

6) CurrencyGincludes .
A) paperGmoneyGandGcoins
B) paperGmoney,Gcoins,GandGcheques
C) paperGmoneyGandGcheques
D) paperGmoney,Gcoins,Gcheques,GandGsavingsGdeposit
sGAnswer:G A
Diff:G1
Type:GM
CGSkill:G Recall
Objective:G 3.1GDescribeGwhatGmoneyGis

7) ThereGisGnoGsingleGpreciseGmeasureGofGmoneyGorGtheGmoneyGsupplyGforGeconomistsGbecause
G .
A) theGgovernmentGconsidersGmoneyGsupplyGstatisticsGtoGbeGconfidentialGandGrefusesGtoGpubli
shGthem
B) decidingGwhatGisGgenerallyGacceptedGinGpaymentGforGgoodsGandGservicesGorGinGtheGrepayme
ntGofGdebtGisGdifficultGtoGdetermine
C) economistsGcannotGagreeGifGcurrencyGshouldGbeGconsideredGmoney
D) definitionsGchangeGallGtheGtim
eGAnswer:GB
Diff:G2
Type:GM
CGSkill:G Recall
Objective:G 3.1GDescribeGwhatGmoneyGis

8) EvenGeconomistsGhaveGnoGsingle,GpreciseGdefinitionGofGmoneyGbecause .
A) moneyGsupplyGstatisticsGareGaGstateGsecret
B) theGBankGofGCanadaGdoesGnotGemployGorGreportGdifferentGmeasuresGofGtheGmoneyGsupply

, ECON MISC 2154 TEST BANK FOR EXAM 2020/2021 ( Ec
G G G G G G G G G



onomics of Money, Banking, and Financial Markets 6e (Mish
G G G G G G G G



kin) Chapter 3)LATEST
G G




C) theG"moneyness"GorGliquidityGofGanGassetGisGaGmatterGofGdegree
D) economistsGfindGdisagreementGinterestingGandGrefuseGtoGagreeGforGideologicalGreaso
nsGAnswer:GC
Diff:G2
Type:GM
CGSkill:G Recall
Objective:G 3.1GDescribeGwhatGmoneyGis