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Monetary Policy Quiz

Dennis notices that jackets are on sale for $99. In this case money is functioning as a ________.

Patrick places his pocket change into his savings bank on his desk each evening. By his actions, Patrick indicates that he believes that money has a ________ function.

________ is the relative ease and speed with which an asset can be converted into a medium of exchange.

If the price level doubles, the value of money

A fall in the level of prices

As the payments system evolves from barter to a monetary system,

A disadvantage of ________ is that it is very heavy and hard to transport from one place to another.

Paper currency that has been declared legal tender but is not convertible into coins or precious metals is called ________ money.

Recent financial innovation makes the Federal Reserve's job of conducting monetary policy

Which of the following is not included in the measure of M1?

Tagged as: monetary policy, monetary policy, money
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