ECON 203 TEST 2 MATTHEWS OLE MISS || A+ Guaranteed.

ECON 203 TEST 2 MATTHEWS OLE MISS || A+ Guaranteed.
Question : Liquidity
Correct answer: the ease with which an asset can be converted
into the economy's medium of exchange
Question : Commodity Money
Correct answer: money that takes the form of a commodity
WITH intrinsic value (has value even if it were not used as
money)
ex: gold
Question : M1 =
Correct answer: - currency
demand deposits
traveler's checks

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