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