ECON 529
Neumann University
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Testbank 01 - Chapter 16 Interest Rates and Monetary Policy Questions and answers
- Exam (elaborations) • 203 pages • 2022
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1. The transactions demand for money is most closely related to money functioning as a: 
 A. unit of account. 
B. medium of exchange. 
C. store of value. 
D. measure of value. 
 Points Earned: 0/1 
Correct Answer: B 
Your Response: 
2. The asset demand for money is most closely related to money functioning as a: 
 A. unit of account. 
B. medium of exchange. 
C. store of value. 
D. measure of value. 
 Points Earned: 0/1 
Correct Answer: C 
Your Response: 
3. The desire to hold money for transacti...
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