money and the money supply

Question 1

functions and characteristics of money

Answer 1

-functions: medium of exchange, store of value, measure of value, standard of defferd payment
-acceptable, portable, durable, divisible, supply limit, difficult to forge

Question 2

types of money

Answer 2

-notes, coins, deposits, near money(non-cash assets, Lisa)

Question 3

money supply

Answer 3

-quantitiy of money in the economy
-M0: narrow money: notes, coins, deposits
-M4: broad money: non-cash financial assets, can become liquid within 5 years