Which of the following characteristic of money allows people to postpone purchas

Question

Which of the following characteristic of money allows people to postpone purchases and save their money to do so? A. Divisibility B. Limitability C. Acceptability D. Stability E. Portability Money must be very difficult to counterfeit; it means that it should be hard to: A. convert into another form of currency. B. divide into smaller units. C. store as assets. D. duplicate illegally. E. use for cumbersome bartering. or time deposits arc accounts with funds that can be withdrawn only with advance notice. A. Current accounts B. Checking accounts C. Money market accounts D. Savings accounts E. Negotiable Order of Withdrawal accounts In general, the longer the term of a certificate of deposit, the: A. higher is its liquidity. B. higher is its interest rate. C. lower is its value. D. lower is its interest rate. E. higher is its inflation rate. If consumers do not pay off their entire credit card balance, they: A. have to pay interest on the total paid and unpaid amount. B. will receive interest on the paid amount. C. have to pay interest on the unpaid amount. D. will get a rebate from the card issuer. E. have their purchased goods repossessed by the creditors. The Federal Reserve Board was established by Congress in 1913 to: A. provide benefits to retirees and the unemployed. B. regulate corporate money laundering. C. collect taxes and enforce the Internal Revenue Code. D. regulate the banking industry. E. facilitate global monetary cooperation.

Explanation / Answer

Q28 - E. Portability. by postponing purchases of material things, money can be easily put in pocket and moved from one place to another.

Q29 - D. Duplicate illegally. counterfieting refers to illegal duplication of money

Q30 - A. Current accounts. All other accounts are demand deposits, which do not require any notice for cash withdrawal.

Q31 - B. higher is its interest rate. Certificate of Deposits of longer duration generally earn higher interest rates

Q32 - A. have to pay interest on the total paid and unpaid amount.

Q33 - D. regulate the banking industry

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