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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.