Question 1

Fiat money is:

Accepted Answer

A) commodity money issued by the central bank that does not have intrinsic value. 
B) paper money issued by the central bank that does have intrinsic value. 
C) paper money issued by the central bank. 
D) paper money issued by the central bank that does not have intrinsic value. 
A) commodity money issued by the central bank that does not have intrinsic value. 
B) paper money issued by the central bank that does have intrinsic value. 
C) paper money issued by the central bank. 
D) paper money issued by the central bank that does not have intrinsic value.

Question 2

The Australian Stock Exchange deals only with:

Accepted Answer

A) shares of privately listed companies to allow people to buy and sell their shares. 
B) publicly listed companies. 
C) futures options on securities. 
D) foreign companies trading in Australia. 
A) shares of privately listed companies to allow people to buy and sell their shares. 
B) publicly listed companies. 
C) futures options on securities. 
D) foreign companies trading in Australia.

Question 3

Barter is:

Accepted Answer

A) the indirect exchange of a service for money. 
B) the direct exchange of a dollar for an orange. 
C) the direct exchange of an apple for an orange. 
D) the direct exchange of coins for a pizza. 
A) the indirect exchange of a service for money. 
B) the direct exchange of a dollar for an orange. 
C) the direct exchange of an apple for an orange. 
D) the direct exchange of coins for a pizza.

Question 4

T-note is sold by the Treasury on behalf of the federal government and is considered riskless.

Accepted Answer

A) True 
 B)False

Fiat money is:

The Australian Stock Exchange deals only with:

Barter is:

T-note is sold by the Treasury on behalf of the federal government and is considered riskless.

Thinking like an economist

Production possibilities and opportunity cost

Market demand and supply

Markets in action

Elasticity of demand and supply

Production costs

Perfect competition

Monopoly

Monopolistic competition and oligopoly

Policy issues: resource taxes and climate change

Measuring the size of the economy

Business cycles and economic growth

Inflation and unemployment

A simple model of the macro economy

Macroeconomic policy I: monetary policy

Macroeconomic policy II: fiscal policy

International trade and finance

Applying graphs to economics

Filters

Exam 15: The monetary and financial system

Fiat money is:

The Australian Stock Exchange deals only with:

Barter is:

T-note is sold by the Treasury on behalf of the federal government and is considered riskless.

Thinking like an economist

Production possibilities and opportunity cost

Market demand and supply

Markets in action

Elasticity of demand and supply

Production costs

Perfect competition

Monopoly

Monopolistic competition and oligopoly

Policy issues: resource taxes and climate change

Measuring the size of the economy

Business cycles and economic growth

Inflation and unemployment

A simple model of the macro economy

Macroeconomic policy I: monetary policy

Macroeconomic policy II: fiscal policy

International trade and finance

Applying graphs to economics

Filters