Many recent changes affecting the banking industry include all of the following except:
a.the emergence and growth of the internet
c.the financial crisis of 2007-2008
d.non-bank financial institutions offering checkable deposit accounts
e.none ? all of these impact(ed) the current banking industry
3.Liquidity refers to the
a.ability of an asset to be exchanged for goods and services.
b.difference between real and nominal money values.
c.ability of money to be a store of value.
d.availability of credit as a form of money.
e.ability of a precious metal to be converted into spendable bank notes.
4.Which of the following is the most liquid asset in the U.S. economy?
a.U.S. Treasury bonds
5.Which of the following assets would be considered least liquid?
a.A silver coin
b.An antique automobile
c.A U.S. savings bond
d.A money market account
e.A certificate of deposit
6.An asset that can easily be exchanged for goods and services is called a(n)
7.The functions of money do not include a(n)
a.medium of exchange.
b.standard of deferred payment.
c.unit of account.
d.store of value.
e.exchange of purchasing power.
8.Exchanging one good for another without the use of money constitutes
9.Barter is inefficient for all of the following reasons except it
a.requires a double coincidence of wants.
b.allows for direct exchanges of goods and services.
c.results in high transaction costs.
d.does not allow for specialization of labor.
e.results in high search and information costs.
10.The introduction of money into the economic system
a.decreased the risk of inflation.
b.lowered transaction costs.
c.established the need for a double coincidence of wants.
d.increased information costs.
e.made exchanges of goods and services less efficient.
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