Assets that strictly make up the definition of money are assets that can be used to pay for a good or service or to pay for a ___
Customer
Debt
The other answers are correct
What deposits are part of M2?
Fixed-term deposits of up to four years
Fixed-term deposits of up to two years
Fixed-term deposits of up to three years
Economists use M2 when they try to explain different ___ economic conditions
The other answers are correct
Commercial
Monetary
What assets are part of M3 and aren't part of M0, M1 or M2?
The less liquid assets
The other answers are correct
The more liquid assets
___ is a standard numerical unit of measurement of the market value of goods, services and other transactions
A unit of account
A means of exchange
A store of value
Are diamonds advisable as money?
No
Yes
The other answers are correct
When is legal currency such as paper or electronic money, which is no longer backed by gold in most countries not considered by some economists as a store of value?
When there is a strong currency appreciation
When there is a strong currency depreciation
The other answers are correct
The money that commercial banks create is called ___
Business money
Financial money
Bank money
If the Consumer Price Index goes from 100 to 102 inflation would be ___
2%
102%
The other answers are correct
Real values convert to nominal values as if prices were ___ in each year of the series
Current
Constant
The other answers are correct
Low or moderate inflation can be attributed to:
Changes in demand, changes in supply and decrease in the money supply
Changes in demand, changes in supply and growth of the money supply
The other answers are correct
The theory of the ___ of money simply indicates that the total amount of spending in an economy is fundamentally determined by the total amount of money in existence (circulation)
The other answers are correct
Quality
Quantity
___ inflation is caused by increases in aggregate demand due to increased private and public spending
Demand
Cost
Self-built
For example, a sudden decrease in the oil supply, leading to increased oil prices, can cause cost inflation. Producers to whom oil is part of their costs will pass it on to ___ in the form of increases prices
Creditors
Consumers
Suppliers
Monetarists emphasize keeping the growth rate of money ___, and using monetary policy to control inflation
Variable
Constant
The other answers are correct
A fixed exchange rate is usually used to ___ the value of a currency
Increase
Decrease
Stabilize
If the value of a currency goes down, it is said that the currency will ___
Devaluates
The other answers are correct
Appreciates
After the Breton Woods agreements failed in the early 1970s, countries gradually reverted to ___ exchange rates
The other answers are correct
Floating
Fixed
What is the characteristic of gold?
Abundance
The other answers are correct
Rarity
The gold standard was partially abandoned by the adoption of the ___ System
Bretton Woods
Washington
Kyoto
Under a gold standard, the long-term rate of inflation (or deflation) would be determined by the growth rate of ___ supply relative to total production
Dollars
Gold
Euros
In general, wage and price controls are seen as ___ measures
Temporary
Exceptional
The other answers are correct
Many economists and analysts consider the idea that the predetermined future "cost of living increases" are ___
Misleading
The other answers are correct
Guiding
___ is the central bank for the only European curency, the euro