Indicate the number of the answer that best defines or describes the following t
ID: 2549958 • Letter: I
Question
Indicate the number of the answer that best defines or describes the following terms.
i. Money when used to execute transactions. __________
ii. Money's ability to be used intertemporally. __________
iii. Money as a standard unit of account. __________
iv. Kept by banks to meet withdrawals. __________
v. Money as an asset. ___________
vi. Exchange without money. ___________
1. Barter
2. Measure of value
3. Medium of exchange
5. Store of value
6. Reserves
7. Standard of Deferred payment
Explanation / Answer
i. Money when used to execute transactions. 3.
ii. Money's ability to be used intertemporally. 7.
iii. Money as a standard unit of account. 2.
iv. Kept by banks to meet withdrawals. 6.
v. Money as an asset. 5.
vi. Exchange without money. 1.