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Exam (elaborations)

ECON. 202- CHAPTER 13 QUESTIONS WITH CORRECT ANSWERS

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ECON. 202- CHAPTER 13 QUESTIONS WITH CORRECT ANSWERS

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Institution
Business finance
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Uploaded on
November 10, 2024
Number of pages
3
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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  • econ 202 chapter 13 questions with correct answe

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ECON. 202: CHAPTER 13 QUESTIONS
WITH CORRECT ANSWERS
MoneyH-HcorrectHanswer-
anyHitemsHthatHareHregularlyHusedHinHeconomicHtransactionsHorHexchangesHandHacceptedHbyHbuyersHandHs
ellers



ThreeHPropertiesHofHMoneyH-HcorrectHanswer-mediumHofHexchange,HunitHofHaccount,HstoreHofHvalue



MediumHofHExchangeH-HcorrectHanswer-
anyHitemHthatHbuyersHgiveHtoHsellersHwhenHtheyHpurchaseHgoodsHandHservices



UnitHofHAccountH-HcorrectHanswer-
aHstandardHunitHinHwhichHpricesHcanHbeHstatedHandHtheHvalueHofHgoodsHandHservicesHcanHbeHcompared



StoreHofHValueH-HcorrectHanswer-
theHpropertyHofHmoneyHthatHholdsHthatHmoneyHpreservesHvalueHuntilHitHisHusedHinHexchange



BarterH-HcorrectHanswer-theHexchangeHofHoneHgoodHorHserviceHforHanother



DoubleHCoincidenceHofHWantsH-HcorrectHanswer-
theHproblemHinHaHsystemHofHbarterHthatHoneHpersonHmayHnotHhaveHwhatHtheHotherHdesires



CommodityHMoneyH-HcorrectHanswer-
aHmonetaryHsystemHinHwhichHtheHactualHmoneyHisHaHcommodity,HsuchHasHgoldHorHsilver



GoldHStandardH-HcorrectHanswer-aHmonetaryHsystemHinHwhichHgoldHbacksHupHpaperHmoney



FlatHMoneyH-HcorrectHanswer-
aHmonetaryHsystemHinHwhichHmoneyHhasHnoHintrinsicHvalueHbutHisHbackHbyHtheHgovernment
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