Eco 473 - Study guides, Class notes & Summaries
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ECO 473 Test Bank 1
- Exam (elaborations) • 28 pages • 2023
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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
- Exam (elaborations) • 29 pages • 2023
-
- $12.99
- + learn more
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...
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