3.5 - The Supply of Money: Various Measures
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Practice Questions
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What is a barter system?
💡 Hint: Think about trading without money.
Name one function of money.
💡 Hint: How do we trade without difficulty?
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the primary function of money as a medium of exchange?
💡 Hint: Consider how money is used in trades.
True or False: The Cash Reserve Ratio (CRR) determines how much money banks can lend.
💡 Hint: Think about what CRR is.
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Challenge Problems
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Analyze how an increase in the bank rate might affect the overall economy.
💡 Hint: Think about the chain reaction from interest to loans to spending.
Evaluate the impact of digital transactions in a cashless society on the overall demand for physical money.
💡 Hint: Consider what convenience means for consumers.
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