Eco 473 test bank 1 - Study guides, Class notes & Summaries

ECO 473 Test Bank 1 Which of the following is not included in M1? a. currency b. traveler's checks c. transaction deposits d. savings deposits e. checking accounts - d. savings deposits The functions of money include all of the following, except as a: a. medium of exchange b. store of value c. barter d. unit of account e. standard of deferred payment - c. barter Monetary aggregates are groupings of financial assets that are combined based on their degree of liquidity. Which of th...

ECO 473 Test Bank 1 Which of the following is not included in M1? a. Currency. b. Traveler's checks. c. Transaction deposits. d. Savings deposits. e. Checking accounts. - CORRECT ANSWERS d. savings deposits The functions of money include all of the following, except as a: a. medium of exchange. b. store of value. c. barter. d. unit of account. e. standard of deferred payment. - CORRECT ANSWERS c. barter Monetary aggregates are groupings of financial assets that are combined based o...