The Economics of Money Banking and Financial Markets The Business
Quiz 3: What Is Money
When We Say That Money Is a Stock Variable, We
When we say that money is a stock variable, we mean that A) the quantity of money is measured at a given point in time. B) we must attach a time period to the measure. C) it is sold in the equity market. D) money never loses purchasing power.
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The difference between money and income is that A) money is a flow and income is a stock. B) money is a stock and income is a flow. C) there is no difference-money and income are both stocks. D) there is no difference-money and income are both flows.
Which of the following is a true statement? A) Money and income are flow variables. B) Money is a flow variable. C) Income is a flow variable. D) Money and income are stock variables.
Which of the following statements uses the economists' definition of money? A) I plan to earn a lot of money over the summer. B) Betsy is rich-she has a lot of money. C) I hope that I have enough money to buy my lunch today. D) The job with New Company gave me the opportunity to earn more money.
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