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AP Macroeconomics Vocabulary Chapter 32 Exam Questions and Answers
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AP Macroeconomics Vocabulary Chapter 32 Exam Questions and Answers
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AP Macroeconomics Vocabulary:Chapter 32 Exam Questions and
Answers
Medium iiof iiexchange ii- iiAnswers ii-any iiitems iisellers iigenerally iiaccept iiand iibuyers
iigenerally iiuse iito iipay iifor iia iigood iior iiservice; iimoney; iia iiconvenient iimeans iiof
iiexchanging iigoods iiand iiservices iiwithout iiexchanging iiin iibarter
Unit iiof iiaccount ii- iiAnswers ii-a iistandard iiunit iiinwhich iiprices iican iibe iistated iiand iithe
iivalue iiof iigoods iiand iiservices iican iibe iicompared; iione iio iithe ii3 iifunctions iiof iimoney
Store iiof iivalue ii- iiAnswers ii-an iiasset iiset iiaside iifor iifuture iiuse; iione iiof iithe ii3
iifunctions iiof iimoney
Liquidity ii- iiAnswers ii-the iidegree iito iiwhich iian iiasset iican iibe iiconverted iiquickly iiinto
iicash iiwith iilittle iior iino iiloss iiof iipurchasing iipower. iiMoney iiis iisaid iito iibe iiperfectly
iiliquid iiwhereas iiother iiassets iihave iilesser iidegrees iiof iiliquidity
MI ii- iiAnswers ii-the iimost iinarrowly iidefined iimoney iisupply, iiequal iito iicurrency iiin iithe
iihands iiof iithe iipublic iiand iithe iicheckable iideposits iiof iicommercial iibanks iiand iithrift
iiinstitutions
Federal iireserve iinotes ii- iiAnswers ii-paper iimoney iiissued iiby iithe iifed iireserve iibanks
Token iimoney ii- iiAnswers ii-bills iior iicoins iifor iiwhich iithe iiamount iiprinted iion iithe
iicurrency iibears iito iirelationship iito iithe iivalue iiof iithe iipaper iior iimetal iiembodied iiwithin
iiit; iifor iicurrency iistill iicirculating, iimoney iifor iiwhich iithe iiface iivalue iiexceeds iithe
iicommodity iivalue
Checkable iideposits ii- iiAnswers ii-any iideposit iiin iia iicommercial iibank iior iithrift
iiinstitution iiagainst iiwhich iia iicheck iimay iibe iiwritten
Commercial iibanks ii- iiAnswers ii-a iifirm iithat iiengages iiin iithe iibusiness iiof iibanking
ii(accepts iideposits, iioffers iichecking iiaccounts, iiand iimakes iiloans)
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