7. Match each concept in Column A with a definition or example in Column B.Column AColumn Bа. Еxcess1. The ease of use of an asset as a medium of exchangereservesb. Barter2. A measure of the money supply that includes currency, checkable deposits, and traveler's checks3. An institution such as a bank, savings and loan association, or life insurance company that acceptsc. Deflationfunds from savers and makes loans to borrowersd. Required4. A good used as money that is also valuable in itselfreservese. Liquidityf. Commodity 6. A medium of exchange that is accepted as money accepted because the government says it has5. When the aggregate price level fallsmoneyvalue7. A measure of the money supply that includes all of Ml plus savings deposits, small certificates ofdeposit, and retail money market funds8. Exchange of goods, services, or assets directly for other goods, services, or assets, without the useg. Fiat moneyh. Ml moneyof moneyi. M2 money9. The portion of bank reserves that banks must keep on reservej. Financialintermediary10. The portion of bank reserves that banks are permitted to lend to their customers

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7. Match each concept in Column A with a definition or example in Column B. Column A Column B а. Еxcess 1. The ease of use of an asset as a medium of exchange reserves 2. A measure of the money supply that includes currency, checkable deposits, and traveler's checks 3. An institution such as a bank, savings and loan association, or life insurance company that accepts b. Barter c. Deflation funds from savers and makes loans to borrowers

7. Match each concept in Column A with a definition or example in Column B. Column A Column B а. Еxcess 1. The ease of use of an asset as a medium of exchange reserves 2. A measure of the money supply that includes currency, checkable deposits, and traveler's checks 3. An institution such as a bank, savings and loan association, or life insurance company that accepts b. Barter c. Deflation funds from savers and makes loans to borrowers

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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