昆经济学题库chapter21

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1、Chapter16/TheMonetarySystemF455Chapter21TheMonetarySystemMULTIPLECHOICE1.Moneya.ismoreefficientthanbarter.b.makestradeseasier.c.allowsgreaterspecialization.d.Alloftheabovearecorrect.ANSWER:d.Alloftheabovearecorrect.TYPE:MDIFFICULTY:1SECTION:16.12.Papermoneya.hasahighintrinsicval

2、ue.b.isusedinabartereconomy.c.isvaluablebecauseitisgenerallyacceptedintrade.d.isvaluableonlybecauseofthelegaltenderrequirement.ANSWER:c.isvaluablebecauseitisgenerallyacceptedintrade.TYPE:MDIFFICULTY:1SECTION:16.13.Bartera.requiresadouble-coincidenceofwants.b.islessefficientthanm

3、oney.c.isthetradingofgoodsforgoods.d.Alloftheabovearecorrect.ANSWER:d.Alloftheabovearecorrect.TYPE:MDIFFICULTY:1SECTION:16.14.WhenArnoldusedollarstorecordhisincomeandexpenses,heisusingmoneyasaa.unitofaccount.b.meansofpayment.c.storeofvalue.d.mediumofexchange.ANSWER:a.unitofaccou

4、nt.TYPE:MDIFFICULTY:1SECTION:16.15.Whichofthefollowingisastoreofvalue?a.currencyb.U.S.governmentbondsc.fineartd.Alloftheabovearecorrect.ANSWER:d.Alloftheabovearecorrect.TYPE:MDIFFICULTY:1SECTION:16.1Chapter16/TheMonetarySystemF4556.Whichofthefollowingbestillustratestheunitofacco

5、untfunctionofmoney?a.YoulistpricesforcandysoldonyourWebsite,www.sweettooth.com,indollars.b.YoupayforyourWNBAticketswithdollars.c.Youkeep$10inyourbackpackforemergencies.d.Noneoftheaboveiscorrect.ANSWER:a.YoulistpricesforcandysoldonyourWebsite,www.sweettooth.com,indollars.TYPE:MDI

6、FFICULTY:1SECTION:16.17.Miaputsmoneyintoapiggybanksoshecanspenditlater.Whatfunctionofmoneydoesthisillustrate?a.storeofvalueb.mediumofexchangec.unitofaccountd.Noneoftheaboveiscorrect.ANSWER:a.storeofvalueTYPE:MDIFFICULTY:1SECTION:16.18.Whichofthefollowingbestillustratesthemediumo

7、fexchangefunctionofmoney?a.Youkeepsomemoneyhiddeninyourshoe.b.Youkeeptrackofthevalueofyourassetsintermsofcurrency.c.Youpayforyourdoublelatteusingcurrency.d.Noneoftheaboveiscorrect.ANSWER:c.Youpayforyourdoublelatteusingcurrency.TYPE:MDIFFICULTY:1SECTION:16.19.Economistsusetheword

8、“money”torefertoa.incomegeneratedbytheproductio