- Shuffle
Toggle OnToggle Off
- Alphabetize
Toggle OnToggle Off
- Front First
Toggle OnToggle Off
- Both Sides
Toggle OnToggle Off
Front
How to study your flashcards.
Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key
Up/Down arrow keys: Flip the card between the front and back.down keyup key
H key: Show hint (3rd side).h key
PLAY BUTTON
PLAY BUTTON
7 Cards in this Set
- Front
- Back
|
what are the 3 principal uses of money?
|
1.) medium of exchange
2.) unit of account 3.) store of value |
|
how is money used as a medium of exchange?
|
we use it to exchange goods and services indirectly (i'll give you $10 for that share of stock)
|
|
how is money used as a unit of account
|
it measures the value of something (that share of stock is $10)
|
|
how is money used as a store of value?
|
you can keep your wealth in money (i am holding onto this $10 which makes me worth $10 more)
|
|
what is M0?
|
cash
|
|
what is M1?
|
M0(cash), demand deposits, checking accounts, traveler's checks
|
|
what is M2?
|
M1(cash and checking accounts), saving deposits, small-denomination time deposits, money market mutual funds
|
