Money
Checking the price of Jeans at several stores is an example of
Unit of Account
Spending vs Savings Increases the total money supply through
The Money Multiplier!!!
Money is not a store of value when you have
Hyperinflation
Main disadvantage of using shells as money instead of coins
durability
Near Money Includes M2 money which includes
Small Savings accounts
Using money as a measuring stick is
Unit of account
A Gold Certificate or an IOU is an example of
Representative Money
M1 money includes
Checking accounts
Putting coins in a Piggy Bank is an example of
Store of Value
When More customers withdraw money than the bank has on hand
A Bank Run
Bartering does not include
Money
Divisibility
What must be necessary for Fiat Money
When you exchange money for a good. That is an example of money used as a
Medium of Exchange
Small, easy to carry around
Portable