题目内容

Paper money()

A. has a high intrinsic value.
B. is the primary medium of exchange in a barter economy.
C. is valuable because it is generally accepted in trade.
D. is valuable only because of the legal tender requirement.

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An item that people can use to transfer purchasing power from the present to the future is called()

A. a medium of exchange.
B. a unit of account.
C. a store of value.
D. None of the above is correct.

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Liquidity refers to()

A. the ease with which an asset is converted to the medium of exchange.
B. a measurement of the intrinsic value of commodity money.
C. the suitability of an asset to serve as a store of value.
D. how many time a dollar circulates in a given year.

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The legal tender requirement means that()

A. people are more likely to accept the dollar as a medium of exchange.
B. the government must hold enough gold to redeem all currency.
C. people may not make trades with anything else.
D. All of the above are correct.

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Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 trillion. Assuming this economy is closed, consumption is $ trillion, government purchases are $ trillion, national saving is $ trillion, and investment is $ trillion.

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Paper money()

A. has a high intrinsic value. B. is the primary medium of exchange in a barter economy. C. is valuable because it is generally accepted in trade. D. is valuable only because of the legal tender requirement.

An item that people can use to transfer purchasing power from the present to the future is called()

Liquidity refers to()

The legal tender requirement means that()

A. has a high intrinsic value.
B. is the primary medium of exchange in a barter economy.
C. is valuable because it is generally accepted in trade.
D. is valuable only because of the legal tender requirement.