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Economics EOC Review Unit 6 Flashcards | StudBud
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Economics EOC Review Unit 6
Economics EOC Review Unit 6
6 terms
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StudBud Administration
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Money and the Role of Financial Institutions
Flashcards
6 cards
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Practice quiz
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Questions
6
Answers
1
When you save money in a 401K, what function of money is being met?
store of value
unit of account
medium of exchange
spending
2
Which of the following describes the functions of the Fed?
Sells stocks.
Regulates the stock market.
Prints dollar bills.
Regulates the money supply.
3
Which of the following is
NOT
in the category of M2?
stocks
checking accounts
currency
savings accounts
4
When you buy tickets to a football game, what function of money is being met?
store of value
savings
unit of account
medium of exchange
5
Which of the following is
NOT
in the category of M1?
checking accounts
debit cards
currency
savings accounts
6
When you check the price of a laptop on several websites, what function of money is being met?
unit of account
store of value
medium of exchange
saving
