AMSCO AP Macroeconomics- Unit 4 question n answers graded A+ 2023/2024

AMSCO AP Macroeconomics- Unit 4asset - correct answers Anything of value that is owned demand deposit - correct answers the money in checking accounts Liquidity - correct answers the ease with which an asset can be converted into the economy's medium of exchange Securities - correct answers All of the investments, including stocks, bonds, mutual funds, options, and commodities, that are traded. risk - correct answers Degree of uncertainty of return on an asset; in business, the likelihood of loss or reduced profit. Loans - correct answers amounts of money borrowed which will accumulate interest rate of return - correct answers the percentage of increase in the value of your savings from earned interest Time Value - correct answers difference between an option's price and its intrinsic value real interest rate - correct answers the interest rate corrected for the effects of inflation nominal interest rate - correct answers the interest rate as usually reported without a correction for the effects of inflation medium of exchange - correct answers anything that is used to determine value during the exchange of goods and services unit of account - correct answers a means for comparing the values of goods and services store of value - correct answers an item that people can use to transfer purchasing power from the present to the future currency - correct answers Coins and paper bills used as money Monetary Unit - correct answers standard unit of currency in a country's money supply commodity money - correct answers objects that have value in themselves and that are also used as money representative money - correct answers objects that have value because the holder can exchange them for something else of value Gold Standard - correct answers A monetary system in which paper money and coins are equal to the value of a certain amount of gold fiat money - correct answers money that has value because the government has ordered that it is an acceptable means to pay debts money supply - correct answers the quantity of money available in the economy monetary base - correct answers the sum of currency in circulation and bank reserves Depository Institutions - correct answers Commercial banks and thrift institutions; financial institutions that accept deposits from the public commercial banks - correct answers Privately owned financial institutions that accept demand deposits and make loans and provide other services for the public