accurately explains fiat money differs commodity money quizlet

Which most accurately explains why fiat money differs from commodity money quizlet?

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Terms in this set (25)

Which term refers to the use of money?

financial

Which most accurately explains why fiat money has no value in itself?

Fiat money has only a single use as a medium of exchange.

Which accurately describes the requirements banks must meet under a fractional reserve banking system?

Banks must keep a specific percentage of deposits on hand.

Which is the purpose of the U.S. Treasury department?

issue government bonds

Which accurately describes how lowering the required reserve ratio increases the money supply?

When the required reserve ratio is lowered, banks can loan out more money.

Which explains how Treasury bonds can have an effect on the size of the money supply?

The Federal Reserve Bank can buy and sell Treasury bonds to raise or lower bank deposits.

Which describes the most likely effect of the Fed lowering the discount rate on overnight loans?

an increase in the money supply

Which accurately describes a businesswoman making an investment?

she buys a Treasury bond

Which is a benefit of being a stockholder?

might receive dividends when the company makes a profit

Which is traded in a currency exchange market?

foreign money

Which of the following accurately describes socially responsible investing?

Investors buy into companies with ethical practices they support.

On which does fundamental analysis of a company's stock focus?

the company's traits such as revenues and earnings per share

Which accurately explains the difference between the stock market and the bond market?

Equity is bought and sold in the stock market while debt is bought and sold in the bond market.

A company that sells shares in the stock market is involved in which type of financing?

equity financing

In which would wheat be purchased?

commodity market

A commodity futures market exists within the broader commodities market for which reason?

Contracts setting the price and date for a commodity purchase are transferable.

Which action can the government take to raise money?

issue bonds

Which best describes the exchange of currencies?

money from one country is bought using money from another country

If the exchange rate between the U.S. dollar and the Canadian dollar is 1:1.3, which is true?

It costs less to buy a $5 item in Canada than it does in the United States.

Which does buying on margin involve?

traders borrowing money from their brokers

Because investors are often unwilling to buy stock in a company without any financial track record, startup businesses have a difficult time doing which of the following?

going public

Which does a business usually need to secure a bank loan to fund its operations?

a stable operating history

Which term describes a company's first sale of stock to the public?

initial public offering

Which describes a condition that is favorable for conducting an IPO?

a bull market

Which often occurs when a company goes public?

greater pressure to make bigger profits

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Which explains the difference between fiat money and commodity money?

The value of fiat money is based largely on public faith in the issuer. Commodity money's value, on the other hand, is based on the material it was manufactured with, such as gold or silver. Fiat money, therefore, does not have intrinsic value, while commodity money often does.

Which best explains the difference between fiat money and commodity money quizlet?

Which of the following best explains the difference between commodity money and fiat​ money? Fiat money has no value except as​ money, whereas commodity money has value independent of its use as money.

Which statement accurately describes the relationship between commodity money and fiat money quizlet?

Which statement accurately describes the relationship between commodity money and fiat money? Commodity money has value in itself while fiat money has value only because it is given value.

What type of commodity money is fiat money quizlet?

Commodity money is money with intrinsic value, like gold, which can be used for purposes other than as a medium of exchange. Fiat money is money without intrinsic value; it his no value other than its use as a medium of exchange. Our economy uses fiat money.

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