The Economics of Money Banking and Financial Markets 10E - Mishkin - TB chapter 3

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1、EconomicsofMoney,Banking,andFin.Markets,10e(Mishkin)Chapter3WhatIsMoney?3.1MeaningofMoney1)Toaneconomist,________isanythingthatisgenerallyacceptedinpaymentforgoodsandservicesorintherepaymentofdebt.A)wealthB)incomeC)moneyD)creditAnswer:CQuesStatus:PreviousEdition2)M

2、oneyisA)anythingthatisgenerallyacceptedinpaymentforgoodsandservicesorintherepaymentofdebt.B)aflowofearningsperunitoftime.C)thetotalcollectionofpiecesofpropertythatareastoreofvalue.D)alwaysbasedonapreciousmetallikegoldorsilver.Answer:AQuesStatus:PreviousEdition3)Cur

3、rencyincludesA)papermoneyandcoins.B)papermoney,coins,andchecks.C)papermoneyandchecks.D)papermoney,coins,checks,andsavingsdeposits.Answer:AQuesStatus:PreviousEditionAACSB:Analyticskills4)Eveneconomistshavenosingle,precisedefinitionofmoneybecauseA)moneysupplystatisti

4、csareastatesecret.B)theFederalReservedoesnotemployorreportdifferentmeasuresofthemoneysupply.C)the"moneyness"orliquidityofanassetisamatterofdegree.D)economistsfinddisagreementinterestingandrefusetoagreeforideologicalreasons.Answer:CQuesStatus:PreviousEditionAACSB:Re

5、flectivethinkingskills21Copyright©2013PearsonEducation,Inc.5)Thetotalcollectionofpiecesofpropertythatservetostorevalueisaperson'sA)wealth.B)income.C)money.D)credit.Answer:AQuesStatus:PreviousEdition6)Aperson'shouseispartofherA)money.B)income.C)liabilities.D)wealth.

6、Answer:DQuesStatus:PreviousEditionAACSB:Analyticskills7)________isusedtomakepurchaseswhile________isthetotalcollectionofpiecesofpropertythatservetostorevalue.A)Money;incomeB)Wealth;incomeC)Income;moneyD)Money;wealthAnswer:DQuesStatus:PreviousEditionAACSB:Reflective

7、thinkingskills8)________isaflowofearningsperunitoftime.A)IncomeB)MoneyC)WealthD)CurrencyAnswer:AQuesStatus:PreviousEdition9)Anindividual'sannualsalaryisherA)money.B)income.C)wealth.D)liabilities.Answer:BQuesStatus:PreviousEditionAACSB:Analyticskills21Copyright©2013

8、PearsonEducation,Inc.10)Whenwesaythatmoneyisastockvariable,wemeanthatA)thequantityofmoneyismeasuredatagivenpointintime.B)wemustattachatimeperiodt