10) Money functions as A) a store of value. B) a unit of account. C) a medium of exchange. D) all of the above.

10) Money functions as

A) a store of value.

B) a unit of account.

C) a medium of exchange.

D) all of the above.

11) What are the two features of money that distinguish it from all other assets in the economy?

A) Money is government issued and it is redeemable for gold or silver.

B) Money is accepted as a medium of exchange and it is the common unit of account used to express prices.

C) Money is part of every barter transaction and it is divisible.

D) Money is a common unit of account and it can also be traded for other currencies at a guaranteed exchange rate.

12) Which of the following is a factor influencing the demand for money?

A) transactions demand

B) precautionary demand

C) asset demand

D) All of the above are correct.