Money and Money Supply (HSC SSCE Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
How many essential functions must money serve in an economy?
How many essential functions must money serve in an economy?
Four
What percentage of M3 consists of bank deposits in Australia?
What percentage of M3 consists of bank deposits in Australia?
About 95%
What does the money base consist of?
What does the money base consist of?
Currency + bank deposits with RBA
Which measure is the Reserve Bank of Australia's main measure of money supply?
Which measure is the Reserve Bank of Australia's main measure of money supply?
M3
Money acting as an intermediary in transactions instead of bartering is which function?
Money acting as an intermediary in transactions instead of bartering is which function?
Medium of exchange
How does credit differ from money?
How does credit differ from money?
Credit is a promise to pay money later
What is the formula for broad money?
What is the formula for broad money?
Which function allows money to be saved today and spent next month with reasonable confidence?
Which function allows money to be saved today and spent next month with reasonable confidence?
Store of value
What can financial instability cause in an economy?
What can financial instability cause in an economy?
Reduced output and higher unemployment
What does the money supply refer to?
What does the money supply refer to?
All funds serving money's four functions