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Exam (elaborations)

AP Macroeconomics Unit 4 Review Exam Questions and Answers

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AP Macroeconomics Unit 4 Review Exam Questions and Answers

Institution
AP Macroeconomics
Module
AP Macroeconomics








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Institution
AP Macroeconomics
Module
AP Macroeconomics

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Uploaded on
October 6, 2024
Number of pages
4
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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  • ap macroeconomics unit 4 review exam questions and

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AP Macroeconomics Unit 4 Review
Exam Questions and Answers

Problems iiwith iithe iiBarter iiSystem ii(2) ii- iiAnswers ii-1) ii"Double iiCoincidence iiof
iiWants"; iieach iitrade iimust iihave iisomething iithe iiother iiwants
2) iiNot iiall iigoods iican iibe iisplit

3 iiFunctions iiof iiMoney ii- iiAnswers ii-1) iiMedium iiof iiExchange
2) iiUnit iiof iiAccount
3) iiStore iiof iiValue

What iimakes iimoney iieffective? ii(3) ii- iiAnswers ii-1) iiGenerally iiAccepted
2) iiPortable/Dividable
3) iiScarce

Commodity iiMoney iivs iiFiat iiMoney ii- iiAnswers ii-Commodity iimoney iihas iiintrinsic iivalue
iiwhile iifiat iimoney iidoes iinot


Inflation iion iiPurchasing iiPower ii- iiAnswers ii-Inflation iidecreases iipurchasing iipower
iiand iirapid iiinflation iidecreases iiacceptability


M1 iiLiquidity ii- iiAnswers ii-1) iiCurrency iiin iicirculation
2) iiCheckable iibank iideposits ii(checking iiaccounts)
3) iiTraveler's iichecks

M2 iiLiquidity ii- iiAnswers ii-1) iiAll iiof iiM1
2) iiSavings iideposits ii(money iimarket iiaccounts)
3) iiTime iideposits ii(certificates iiof iideposit)
4) iiMoney iimarket iifunds

What iiis iithe iiopportunity iicost iiof iiholding iiliquid iimoney? ii- iiAnswers ii-The iiinterest iiyou
iicould iibe iiearning


Assets ii- iiAnswers ii-anything iitangible iior iiintangible iithat iiis iiOWNED

Liability ii- iiAnswers ii-anything iithat iiis iiOWED
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