I have answers as D,D,A,A,C,B,C,C,B,A. I would just like help verifing i am righ

Question

I have answers as D,D,A,A,C,B,C,C,B,A. I would just like help verifing i am right. Not sure on a couple

Question 1

Money can be many things, but it is not:

Liquid

A financial liability

A financial asset

Illiquid

0.3333 points

Question 2

A financial asset is liquid:

If it can be carried easily from one place to another

Only if it takes the form of cash

If is is held by the public and earning interest

If it can be readily exchanged for another asset or good

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Question 3

The U.S. central bank is a financial institution that:

Has the sole right to accept deposits and make loans

Determines what assets will back a currency

Sets borrowing and lennding in a country

Has the sole right to issue currency

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Question 4

The value and functionality of money are determined by the:

General acceptability to other people

Regulations defined by the Fed

Lack of credibility in other financial assets

Credibility in other financial assets

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Question 5

Which of the following is not one of the functions of money?

Medium of exchange

Unit of account

Standard of economic well-being

Store of wealth

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Question 6

During periods of high inflation, money becomes:

More useful as a medium of exchange

Less useful as a unit of account

More useful as a store of value

More useful as a unit of account

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Question 7

When you deposit $200 in your savings account with the objective to buy in the near future a video game that is about to be offered in thh market, then the $200 is serving which function?

Store of real assets

Unit of account

Store of wealth

Medium of exchange

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Question 8

M1 includes which of the following?

Time deposits

Money market mutual funds

Checking account deposits

Gold certificates

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Question 9

Bank reserves are:

Real assets deposited at banks

Loans issued by banks deposited into checking accounts

Checks held by depositors

Cash and deposits a bank keeps on hand or at the central bank

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Question 10

When a bank makes a loan, the money supply:

Answer

Decreases

Does not increase

Increases

May increase or decrease depending on how the loan is used

A.

Liquid

B.

A financial liability

C.

A financial asset

D.

Illiquid

Explanation / Answer

A

,D

,A

,D

C

,B

,C

,C

,B

,A.

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