Question: Please answer all the questions below. Question 1 (1 point) Sandra routinely uses currency (money) to purchase her groceries. She is using money as a

routinely uses currency (money) to purchase her groceries. She is using money

Please answer all the questions below.

as a unit of account Question 2 (1 point) M1 and the

monetary base are identical. Question 3 (1 point) Money serves as a

Question 1 (1 point) Sandra routinely uses currency (money) to purchase her groceries. She is using money as a unit of account Question 2 (1 point) M1 and the monetary base are identical. Question 3 (1 point) Money serves as a medium of exchange, a unit of account, and a store of value. Question 4 (1 point) The Board of Governors is responsible for fiscal policy Question 5 (1 point) M1 includes savings deposits. Question 6 (1 point) There are 15 regional Federal Reserve district banks in the US. Question 7 (1 point) U.S. dollars are an example of commodity money and the use of cigarettes to make trades are an example of fiat money Question 8 (1 point) M1 consists of currency in circulation, checking accounts/demand deposits, and traveler's checks. Question 9 (1 point) The US has fiat money. Question 10 (1 point) Members of the Board of Governors are appointed by the president of the United States and confirmed by the Senate

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