MACROECONOMICS 8TH EDITION OLIVIER
BLANCHARD TEST BANK ALL CHAPTERS
100% ORIGINAL VERIFIED ACTUAL
EXAMINATION 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
⫸ Money may serve as a "standard of value" that allows for comparison
of the relative worth of various goods and services. What function of
money does this describe?
A.
Unit of accounting.
B.
Store of value.
C.
Standard of deferred payment.
D.
Medium of exchange. Answer: Unit of accounting
⫸ Which of the following statements is true when considering liquidity?
A.
The most liquid assets typically earn no or little interest.
B.
, Physical assets are the most liquid type of assets.
C.
Bonds have a guaranteed redemption value so there is no chance of a
financial loss from their purchase.
D.
Stocks have no transaction fees. Answer: The most liquid assets earn
little to no interest
⫸ In order to be successful, money in a fiduciary monetary system must
have
A.
divisibility and accountability.
B.
portability and transformability.
C.
acceptability and predictability of value.
D.
None of the above. Answer: acceptability and predictability of value.
⫸ The liquidity approach to measuring money defines the M2 money
supply as
A.
M1 plus near monies.
B.
BLANCHARD TEST BANK ALL CHAPTERS
100% ORIGINAL VERIFIED ACTUAL
EXAMINATION 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
⫸ Money may serve as a "standard of value" that allows for comparison
of the relative worth of various goods and services. What function of
money does this describe?
A.
Unit of accounting.
B.
Store of value.
C.
Standard of deferred payment.
D.
Medium of exchange. Answer: Unit of accounting
⫸ Which of the following statements is true when considering liquidity?
A.
The most liquid assets typically earn no or little interest.
B.
, Physical assets are the most liquid type of assets.
C.
Bonds have a guaranteed redemption value so there is no chance of a
financial loss from their purchase.
D.
Stocks have no transaction fees. Answer: The most liquid assets earn
little to no interest
⫸ In order to be successful, money in a fiduciary monetary system must
have
A.
divisibility and accountability.
B.
portability and transformability.
C.
acceptability and predictability of value.
D.
None of the above. Answer: acceptability and predictability of value.
⫸ The liquidity approach to measuring money defines the M2 money
supply as
A.
M1 plus near monies.
B.
