The Measure of Money That Best Fulfills the Medium of Exchange

question 14

Multiple Choice

The measure of money that best fulfills the medium of exchange function because it is most liquid is:

• A)M1.
• B)M2.
• C)M3.
• D)L.

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Definitions:

Evaluative Adjectives

Adjectives used to express an assessment or judgment about the quality, value, or condition of someone or something.

Open-Minded

Means that a person is tolerant of divergent views and sensitive to the possibility of his or her own possible biases. An open-minded person respects the right of others to have different opinions.

One-Way Street

A situation or condition that allows movement or action in only one direction, often used metaphorically to describe a non-reciprocal relationship.

Acceptability

The quality of being accepted as appropriate, suitable, or worthy of approval.