5. The three functions of money are:?

Question

5. The three functions of money are:

A. spending for consumption, investment, and government purchases.

B. measuring balance of payments, exchange rates, and interest rates.

C. implementing monetary policy, fiscal policy, and structural policy.

D. acting as bank reserves, open-market operations, and velocity.

E. serving as a medium of exchange, unit of account, and store of value.

6. The M1 measure of money consists of the sum of:

A. currency, checking deposits, and travelers' checks.

B. currency and travelers' checks.

C. currency, checking deposits, and savings deposits.

D. checking deposits and travelers' checks.

E. checking and savings deposits.

Answer 1

E, and A.

Answer 2

E. serving as a medium of exchange, unit of account, and store of value.

A. currency, checking deposits, and travelers' checks

Answer 3

the three functions of money are medium of exchange, unit of accouting, and store of value.

M1 = currency + demand deposits + other checkable deposites

Answer 4

5. The three functions of money are: .

E. serving as a medium of exchange, unit of account, and store of value.

6. The M1 measure of money consists of the sum of:

D. checking deposits and travelers' checks.