Functions of Money Review

What is money?

Which money derives its values from the type of material from which it is composed?

The narrowest measure of money supply, including currency, demand deposits, checkable deposits, aka transactions money:

Why would bartering be inefficient?

Which type of money's value would be most affected by political instability?

Store of value is:

A savings account is considered:

A money market account is considered:

A dollar bill is considered as

The broader measure of the money supply includes transactions money and various types of near money is:

Which type of money is paper and coins?

Why should money's purchasing power remain relatively stable?

Barter is:

Which money is paperback money derived from something tangible that gives it value?

In order to have any value at all, money must have:

Standard of Value is:

Why should money have uniformity?

Durable money is important because:

____________ properties are linked to the role that money plays in the market.

In order for money to be a valid medium of exchange, it must have:

____________ properties of money are the characteristics of the item itself

Portability for money is important because:

Demand deposits are:

Which money has no tangible backing, but is declared by the government that issues it, and accepted by the citizens?

Divisibility for money is important because: