The Demand for Money Is Based Primarily on Money's Role

question 34

Multiple Choice

The demand for money is based primarily on money's role as a(n) :

• A)measure of wealth.
• B)medium of exchange.
• C)standard of economic well-being.
• D)interest-bearing asset.
• E)non-interest-bearing asset.

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Definitions:

Delusions

False beliefs held with strong conviction, despite superior evidence to the contrary, often indicative of a psychological disorder.

Hallucinations

Perceptions in a conscious and awake state in the absence of external stimuli which have qualities of real perception.

Agoraphobia

An anxiety disorder characterized by intense fear and avoidance of places or situations where escape might be difficult or help might not be available.

Agora

In ancient Greece, a public open space used for assemblies and markets.