Question

1- Details of the various types of financial assets that goes into the differing measures of...

1- Details of the various types of financial assets that goes into the differing measures of money are summarized in the Federal Reserve’s:

a. Regulation A.

b. Regulation B.

c. Regulation C.

d. Regulation D.

e. Regulation X.

2- This account has no maturity date, may be transferred to another account and cannot be held by a business:

a. Demand deposit account.

b. Negotiable order of withdrawal.

c. Time deposit.

d. Savings deposit.

e. Money market deposit account.

3- Suppose that you raise chickens for their eggs and use them to trade with others for goods that you want. If you trade eggs for bacon, from someone who raises pigs and wants eggs, we would say that eggs are:

a. used for direct exchange.

b. used for indirect exchange.

c. a medium of exchange.

d. money.

e. All of the above.

4- When considering Bitcoin, we can say that it:

a. is neither money nor a medium of exchange.

b. is both money and a medium of exchange.

c. is money but is not a medium of exchange.

d. is not money but is a medium of exchange.

Business   Economics   
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Homework Answers

Answer #1

1) The correct option is c. All the regulations of financial assests that measures money comes under regulation c.

2) The correct option is a. Demand deposit can be withdraw anytime and can be transferred from one account to another.

3) The correct option is a. Since there is no intermediator in between buyer and seller, it is not indirect exchange. It is direct exchange.

4) The correct option is c. Bitcoin is not used directly for purchasing goods. It is not a legal tender as of now. So it's not a medium of exchange. Many investment are done in bitcoin so we can say that it is money.

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