1. For cach statement below answer true or false. The first word of your answer has to be

true or false. If the first word of your answer is not true or false, you receive O points. If th

statement is true, you are finished answering. Ifyour answer is false, briefly explain why

false.

a. "All assets are stores Uf value. But not all assets are money."

b.Moving funds from your savings account to your checking account decreases M2."

c. "The introduction of the Euro increased the number of units of account used in Europe."

d. "The New York Stock Exchange is not a financial intermediary."

e. "The issuer of a bond is considered to be the lender."

. "Debt instruments that have maturities less than one year are traded in capital markets."

g.If the inflation rate goes from 4% in year 1 to 2% in year2 there has been deflation."