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Try to answer each of the questions on a piece of paper. When you are finished, watch the videos next to each question to get the solution. These will only be as helpful as you make them. Answer first, watch second.
Try to answer each of the questions on a piece of paper. When you are finished, watch the videos next to each question to get the solution. These will only be as helpful as you make them. Answer first, watch second.
1
1
Anna takes some money out of her savings account and uses it to pay for some furniture. What two functions of money was Anna using?
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2
You find a $20 bill in the pocket of your coat that you left in there last winter. You decide to deposit the money directly into your savings account. How have M1 and M2 changed?
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3
The money from the game of Monopoly isn't real currency, but which of the five desirable traits of money does it exhibit?
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4
Back in the days of the Gold Standard, the money supply was determined by the quantity of gold in circulation. What would happen to interest rates when a large gold deposit was found and excavated?
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5
Suppose that inflation has increased the prices of goods and services, meaning most people need to keep more cash on hand to pay for things. What would happen to the equilibrium interest rate?
Module 10 Quick Quiz
Module 10 Quick Quiz
Now that you have watched all the videos and tried all of the example problems, see how you do on this short quiz. If you score under 75%, consider reaching out to your course instructor for some advice.
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