no explanation needed! please state if A, B, C or D

Question1

Which among the following is considered to be the most liquid asset?

a.

Bonds

b.

Oil

c.

Money

d.

Gold

Question2

The money demand curve is negatively sloped because

a.

Lower interest rates cause households and firms to switch from money to shares.

b.

(a)Lower interest rates cause households and firms to switch from financial assets to money.

c.

Lower interest rates cause households and firms to switch from money to financial assets.

d.

Lower interest rates cause households and firms to switch from money to bonds

Question3

Mark saves an amount $65,000 for the down payment on a new vehicle. Money is being used as a

a.

Standard of deferred payments

b.

Store of value

c.

Unit of account

d.

Medium of exchange

Question4

Which of the following best defines the term money

a.

The income a person earns over a period of time.

b.

A person's net liabilities at any point in time.

c.

A liability that people are willing to accept in exchange for goods and services

d.

An asset that people are generally willing to accept in exchange.

Question5

The statement 'a PS5 game console costs $250,000' identifies which function of money?

a.

Medium of exchange

b.

Store of value

c.

Unit of account

d.

Standard of deferred payment

Question6

During the period 1939-1945, cigarettes were used as money. Given this, the expected outcome is:

a.

Only government-issued cigarettes being accepted as money.

b.

Prices of other goods expressed in terms of cigarettes.

c.

People bartering insisted of using cigarettes as money.

d.

No one ever smoking cigarettes in the prisoner of war camps.

Question7

Absolute advantage is determined by:

a.

actual differences in labor productivity between countries.

b.

relative differences in labor productivity between countries.

c.

none of the answers

d.

both answers

Question8

Currency notes and coins are called

a.

All of the responses

b.

Fiat money

c.

Legal tender

d.

Flat money

Question9

A primary reason why nations conduct international trade is because:

a.

Interest rates are not identical in all trading nations

b.

Some nations prefer to produce one thing while others produce another

c.

Trade enhances opportunities to accumulate profits

d.

Resources are not equally distributed to all trading nations

Question10

The major problem with barter economy is that they require

a.

Less time and trouble to trade as compared with a money economy.

b.

A banking system for trade to occur.

c.

That there be a single coincidence of wants.

d.

That there be a double coincidence of wants