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
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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
b. Barter
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
c. Deflation
funds from savers and makes loans to borrowers
d. Required
4. A good used as money that is also valuable in itself
reserves
e. Liquidity
f. Commodity 6. A medium of exchange that is accepted as money accepted because the government says it has
5. When the aggregate price level falls
money
value
7. A measure of the money supply that includes all of Ml plus savings deposits, small certificates of
deposit, and retail money market funds
8. Exchange of goods, services, or assets directly for other goods, services, or assets, without the use
g. Fiat money
h. Ml money
of money
i. M2 money
9. The portion of bank reserves that banks must keep on reserve
j. Financial
intermediary
10. The portion of bank reserves that banks are permitted to lend to their customers
Transcribed Image Text: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 b. Barter 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 c. Deflation funds from savers and makes loans to borrowers d. Required 4. A good used as money that is also valuable in itself reserves e. Liquidity f. Commodity 6. A medium of exchange that is accepted as money accepted because the government says it has 5. When the aggregate price level falls money value 7. A measure of the money supply that includes all of Ml plus savings deposits, small certificates of deposit, and retail money market funds 8. Exchange of goods, services, or assets directly for other goods, services, or assets, without the use g. Fiat money h. Ml money of money i. M2 money 9. The portion of bank reserves that banks must keep on reserve j. Financial intermediary 10. The portion of bank reserves that banks are permitted to lend to their customers
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