moneyandbanktestbankchap03复习过程.docx
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moneyandbanktestbankchap03复习过程.docx
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moneyandbanktestbankchap03复习过程
money-and-bank-test-bank-chap03
TheEconomicsofMoney,Banking,andFinancialMarkets,9e(Mishkin)
Chapter3WhatIsMoney?
3.1MeaningofMoney
1)Toaneconomist,________isanythingthatisgenerallyacceptedinpaymentforgoodsandservicesorintherepaymentofdebt.
A)wealth
B)income
C)money
D)credit
Answer:
C
QuesStatus:
PreviousEdition
2)Moneyis
A)anythingthatisgenerallyacceptedinpaymentforgoodsandservicesorintherepaymentofdebt.
B)aflowofearningsperunitoftime.
C)thetotalcollectionofpiecesofpropertythatareastoreofvalue.
D)alwaysbasedonapreciousmetallikegoldorsilver.
Answer:
A
QuesStatus:
PreviousEdition
3)Currencyincludes
A)papermoneyandcoins.
B)papermoney,coins,andchecks.
C)papermoneyandchecks.
D)papermoney,coins,checks,andsavingsdeposits.
Answer:
A
QuesStatus:
PreviousEdition
4)Eveneconomistshavenosingle,precisedefinitionofmoneybecause
A)moneysupplystatisticsareastatesecret.
B)theFederalReservedoesnotemployorreportdifferentmeasuresofthemoneysupply.
C)the"moneyness"orliquidityofanassetisamatterofdegree.
D)economistsfinddisagreementinterestingandrefusetoagreeforideologicalreasons.
Answer:
C
QuesStatus:
Revised
5)Thetotalcollectionofpiecesofpropertythatservetostorevalueisaperson's
A)wealth.
B)income.
C)money.
D)credit.
Answer:
A
QuesStatus:
New
6)Aperson'shouseispartofher
A)money.
B)income.
C)liabilities.
D)wealth.
Answer:
D
QuesStatus:
PreviousEdition
7)________isusedtomakepurchaseswhile________isthetotalcollectionofpiecesofpropertythatservetostorevalue.
A)Money;income
B)Wealth;income
C)Income;money
D)Money;wealth
Answer:
D
QuesStatus:
PreviousEdition
8)________isaflowofearningsperunitoftime.
A)Income
B)Money
C)Wealth
D)Currency
Answer:
A
QuesStatus:
PreviousEdition
9)Anindividual'sannualsalaryisher
A)money.
B)income.
C)wealth.
D)liabilities.
Answer:
B
QuesStatus:
PreviousEdition
10)Whenwesaythatmoneyisastockvariable,wemeanthat
A)thequantityofmoneyismeasuredatagivenpointintime.
B)wemustattachatimeperiodtothemeasure.
C)itissoldintheequitymarket.
D)moneyneverlosespurchasingpower.
Answer:
A
QuesStatus:
New
11)Thedifferencebetweenmoneyandincomeisthat
A)moneyisaflowandincomeisastock.
B)moneyisastockandincomeisaflow.
C)thereisnodifferencemoneyandincomearebothstocks.
D)thereisnodifferencemoneyandincomearebothflows.
Answer:
B
QuesStatus:
PreviousEdition
12)Whichofthefollowingisatruestatement?
A)Moneyandincomeareflowvariables.
B)Moneyisaflowvariable.
C)Incomeisaflowvariable.
D)Moneyandincomearestockvariables.
Answer:
C
QuesStatus:
Revised
13)Whichofthefollowingstatementsusestheeconomists'definitionofmoney?
A)Iplantoearnalotofmoneyoverthesummer.
B)Betsyisrichshehasalotofmoney.
C)IhopethatIhaveenoughmoneytobuymylunchtoday.
D)ThejobwithNewCompanygavemetheopportunitytoearnmoremoney.
Answer:
C
QuesStatus:
PreviousEdition
3.2FunctionsofMoney
1)Ofmoney'sthreefunctions,theonethatdistinguishesmoneyfromotherassetsisitsfunctionasa
A)storeofvalue.
B)unitofaccount.
C)standardofdeferredpayment.
D)mediumofexchange.
Answer:
D
QuesStatus:
PreviousEdition
2)Ifpeanutsserveasamediumofexchange,aunitofaccount,andastoreofvalue,thenpeanutsare
A)bankdeposits.
B)reserves.
C)money.
D)loanablefunds.
Answer:
C
QuesStatus:
PreviousEdition
3)________arethetimeandresourcesspenttryingtoexchangegoodsandservices.
A)Bargainingcosts.
B)Transactioncosts.
C)Contractingcosts.
D)Bartercosts.
Answer:
B
QuesStatus:
PreviousEdition
4)Comparedtoaneconomythatusesamediumofexchange,inabartereconomy
A)transactioncostsarehigher.
B)transactioncostsarelower.
C)liquiditycostsarehigher.
D)liquiditycostsarelower.
Answer:
A
QuesStatus:
PreviousEdition
5)Whencomparedtoexchangesystemsthatrelyonmoney,disadvantagesofthebartersysteminclude:
A)therequirementofadoublecoincidenceofwants.
B)loweringthecostofexchanginggoodsovertime.
C)loweringthecostofexchangetothosewhowouldspecialize.
D)encouragingspecializationandthedivisionoflabor.
Answer:
A
QuesStatus:
PreviousEdition
6)Theconversionofabartereconomytoonethatusesmoney
A)increasesefficiencybyreducingtheneedtoexchangegoodsandservices.
B)increasesefficiencybyreducingtheneedtospecialize.
C)increasesefficiencybyreducingtransactionscosts.
D)doesnotincreaseeconomicefficiency.
Answer:
C
QuesStatus:
PreviousEdition
7)Whichofthefollowi
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