宏观经济学chap09习题
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Macroeconomics, 8e (Parkin) Testbank 1
Chapter 9 Money, the Price Level, and Inflation
9.1 What is Money?
1) T he functions of money are
A) m edium of exchange and the ability to buy goods and services.
B) m edium of exchange, unit of account, and means of payment.
C) p ricing, contracts, and means of payment.
D) m edium of exchange, unit of account, and store of value.
Answer: D
Topic: W hat is Money?
Skill: R ecognition*
2) W hich of the following does NOT describe a function of money?
A) a unit of account
B) a hedge against inflation
C) a medium of exchange
D) a store of value
Answer: B
Topic: W hat is Money?
Skill: R ecognition
3) W hich of the following is a primary function of money?
A) t o serve as a unit of account
B) t o serve as an encouragement to work
C) t o reduce the burden of excessive imports
D) t o raise funds for the government
Answer: A
Topic: W hat is Money?
Skill: R ecognition
4) B arter is
A) a nother type of money.
B) p rinting too much money.
C) t he exchange of goods and services directly for other goods and services.
D) t he exchange of goods and services for any type of money.
Answer: C
Topic: M edium of Exchange
Skill: R ecognition*
5) T he most direct way in which money replaces barter is through its use as a
A) m edium of exchange.
B) r ecording device.
C) s tore of value.
D) u nit of account.
Answer: A
Topic: M edium of Exchange
Skill: R ecognition*
6) T he most direct way in which money eliminates the need for a double coincidence of wants is
through its use as a
A) m edium of exchange.
B) s tandard of deferred payment.
C) s tore of value.
D) u nit of account.
Answer: A
Topic: M edium of Exchange
Skill: R ecognition
7) I n a barter system, we would see
A) m any different units of money.
B) m oney and goods exchanged for each other.
C) w ide-spread depository institutions.
D) g oods traded directly for other goods and services.
Answer: D
Topic: M edium of Exchange
Skill: C onceptual
8) W hen you buy a hamburger for lunch, you are using money as a
A) s tore of value.
B) s tandard of deferred payment.
C) m edium of exchange.
D) u nit of accounting.
Answer: C
Topic: M edium of Exchange
Skill: C onceptual
9) T he unit of account function occurs when money serves as a
A) m eans of payment.
B) m edium of exchange.
C) p ricing mechanism.
D) d ouble coincidence of wants.
Answer: C
Topic: U nit of Account
Skill: R ecognition*