Which of the following is not a form of money?

Which of the following is not a form of money?
 a. checkable deposits
  b. travelers' checks
 c. currency
 d. credit cards

Question 2

The Fed can enhance liquidity in the U.S. economy by increasing the federal funds rate.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 3

Assume there is a price floor imposed on a good which is above the equilibrium price. Which of the following changes would reduce the size of the surplus?
 a. An increase in demand.
  b. A decrease in demand.
  c. An increase in supply.
  d. Any of the above.

Question 4

Barter system is less desirable than using money for exchange because:
 a. it is a more inefficient and a time-consuming process.
 b. gold and silver are risky and inconvenient to transport.
 c. it tends to promote inflation.
 d. gold and silver are relatively scarcer than other commodities.

Question 5

The velocity of circulation of money is the ratio of the real gross domestic product to the money supply.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 6

Assume there is a price ceiling imposed on a good which is below the equilibrium price. Which of the following changes would reduce the size of the shortage?
 a. an increase in demand
  b. a decrease in demand
  c. a decrease in supply
 d. a lower price ceiling

Question 7

Using money as a store of value rather than wheat is:
 a. safer.
 b. less expensive.
 c. both safer and less expensive.
 d. neither safer nor less expensive.

Question 8

Inflation targeting usually increases the uncertainty about the course of action of central banks, as perceived by the general public.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 9

A decrease in the current minimum wage would:
 a. decrease employment for low skill workers.
 b. increase firm's demand curves for low skill workers.
  c. increase the supply of low skill workers.
 d. decrease the incomes of some low skill workers.

Question 10

The idea behind money as a standard of value is that use of money allows:
 a. greater efficiency in exchange.
 b. receipt of income to be separated from spending.
 c. persons to hold spending power for some period of time.
  d. prices quoted in money terms.

Question 11

When the Fed uses money growth rates as an intermediate target, it implicitly assumes that the velocity of money is constant over time, at least in the short run.
 a. True
  b. False
  Indicate whether the statement is true or false