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20 Cards in this Set
- Front
- Back
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TRUE |
1. Credit Card Companies offers buying convenience for consumers who want to delay payment for their purchases |
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FALSE |
Credit Union provides a variety of services, it is organized mainly for savings and home loans |
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FALSE |
3. Cheques are produced by manufacturing metal in a factory called mint. |
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TRUE |
4. Competitive minting is the business of manufacturing coins that is open to many competing manufacturers. |
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TRUE |
5. Neo-Keynesians believe the incentive effects of fiscal interventions exists but are too small to be significant |
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FALSE |
6. New Classical economists believe that the economy is inherently stable and recommend a small government sector to allow market forces to operate efficiently |
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FALSE |
7. Money serves as a store of value and it is unique to this role. |
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FALSE |
8. Money does not act as a unit of measurement |
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FALSE |
9. The demand for money does not represent the hold of assets of an individual in an form that can be easily exchange for goods or services |
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FALSE |
10. Stocks is an extremely liquid. |
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Savings and Loan Association |
Specializes in savings and provides multi-purposes loans |
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Pawnshops |
Offering small loans based on the value of some tangible possession such as jewelry |
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Banknotes |
______ and bank account balances are financial securities issued by a bank. |
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Money Creation |
4. This is the process by which money is produced or issued. |
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Supply-sider |
Have been said to have a “tax cut fetishism” |
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Post-Keynesian |
Believe that deficits more often “crowd in” than “crowd out” investment. |
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Post-Keynesian |
Type of money demand arises by considering opportunity cost of holding money |
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GNP |
An increase in __________ will increase the demand for money |
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Wicksell |
He defined medium of exchange as an object which is taken in exhange, not on its own account and not to be consumed by the receiver. |
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Medium of Exchange |
It is the most important feature of money |
