Multiple…CHOICE!!?
1 - The main disadvantage of using shells as money, instead of coins, would be a lack of:
a - durability.
b - portability.
c - uniformity.
d - divisibility.
2 - An example of representative money would be:
a - a fur coat.
b - diamonds.
c - gold earrings.
d - an IOU note.
3 - _________ is / are NOT example of a liquid asset.
a - A certificate of deposit
b - Cash
c - Traveler's checks
d - A checking account
4 - A _________ is an example of a financial intermediary.
a - life insurance company
b - stock certificate
c - bank vault
d - bond
5 - You do not have to pay state taxes on interest earned on:
a - corporate bonds.
b - money market mutual funds.
c - junk bonds.
d - municiple bonds.
Thank you!
Filed under Gold Coin Jewelry by on Sep 19th, 2010. Comment. 
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Comments on Multiple…CHOICE!!?
a
b
c
d
1. B
2. D
3. B
4. C
5. B
(no idea, mostly guesses, sorry!)
1-b
2-d
3-a
4-a
5-d
1. c (since no two shells are the same size, there’s no “standard”)
2. d (IOU can be exchanged for a specific amount of money)
3. a (all are technically liquid assets since they can all be easily converted to cash, but CD’s involve a penalty for early withdrawl)
4. a (only the life insurance company is an institution that can service savers/lenders and spenders/borrowers)
5. d (assuming the municipal bonds are issued within the state in which taxes are paid)