Tag: liquidity preference and profit

medium of Exchange

common measure of value

store of Value

all of the above

$M _1$

$M _2$

$M _3$

$M _4$

neutral for production

helpful for production

harmful for production

distorts production

It is a medium of exchange

It has general acceptability

It is a standard measure of value

It is hedge against inflation

a medium of exchange

a reserve base for credit creation

providing liquidity

none of the above

Medium of exchange

Unit of account

Standard of deferred payment

Store of metal

it is readily convertible into other assets

it can be easily stored

it gives income to the holder

it has no carrying cost

(i) and (ii) only

(i), (ii) and (iii) only

(ii) and (iv) only

(i), (ii), (iii) and (iv)

stock of value

medium of exchange

measure of value

all of the above

True

False