Chapter 2 Money and the Payments System
第二章 货币与货币制度
1. The unit of account characteristic of money:
1. 货币的记账单位特点:
A. makes it difficult to compare the relative prices of goods and services. B. refers to how we use money to transfer purchasing power overtime. C. means prices are expressed in terms of money
A. 使比较商品和服务的相对价格变得困难。B. 指我们如何用金钱来转移购买力 overtimeC.表示价格以货币表示.
D. means that money finalizes payments.
D.表示货币最终确定 payments。
2. As an economy produces more different types of goods:
2.随着一个经济体生产更多不同类型的商品:
A. it is more difficult to quote prices if the economy does not use money.
A.如果经济不使用货币,报价就更难了。
B. the number of relative prices decreases
B. 相对价格数量减少.
C. money becomes less useful as a unit of account.
C. 货币作为记账单位变得不那么有用。
D. money becomes less useful as a standard of value
D. 货币作为价值标准变得不那么有用.
3. The store of value characteristic of money refers to the fact that
3. 货币的价值储存特征是指:
A. people save most of their money
A. 人们把大部分钱都存起来.
B. money allows people to shift purchasing power into the future.
B. 货币使人们能够将购买力转移到未来。
C. money is not valuable unless it is stored.
C. 金钱不被储存起来就没有价值。
D. money is the only way people have to store value.
D.money 是人们存储价值的唯一方式。
4. Compare two economies: a barter economy versus an economy that uses money. In order to exchange goods and services:
4. 比较两个经济体:易货经济与使用货币的经济。为了交换商品和服务:
A. a double coincidence of wants is necessary in the barter economy.
A.在易货经济中,需求的双重重合是必要的。
B. a double coincidence of wants is more likely to occur in the barter economy.
B. 在易货经济中,需求出现双重重合的可能性更大。
C. transactions are likely to be smoother in the barter economy because goods and services are exchanged directly.
C.在 barter经济中,交易可能更顺畅,因为商品和服务是直接交换的。
D. the money economy requires that sellers have more information about buyers'wants
D. 货币经济要求卖家更多地了解买家的需求.
5. The high transaction costs associated with a barter system refers to the: A. fact that, oftentimes, these exchanges are taxed by governments
5. 与易货系统相关的高交易成本是指: A. 事实上,这些交易所通常由政府征税.
B. risk associated with having to carry an inventory of goods to trade. C. high cost associated with finding someone with whom to exchange. D. cost of drawing up complete contracts.
B. 与必须携带商品库存进行交易相关的风险。C. 与寻找相关人员相关的高成本。 D.起草完整合同的成本。
6. Which of the following statements is most correct?
6. 以下哪项陈述最正确?
A. Money is wealth but not all wealth is money.
A.金钱是财富,但不是所有的财富都是金钱。
B. Money is a means of payment but is not part of wealth
B. 金钱是一种支付手段,但不是财富的一部分.
C. In order to be considered part of a person's wealth, an asset must have a positive return.
C.为了被视为一个人财富的一部分,资产必须具有积极的回报。
D. Wealth is a store of value and a means of payment.
D.财富是一种价值储存手段,也是一种赚钱的手段。
7. In comparing money to a U.S. Treasury bond held by an individual, we can say:
7. 将货币与个人持有的美国国债进行比较时,我们可以说:
A. the treasury bond is an asset but money is not.
A.国债是一种资产,但货币不是。
B. money is an asset but the U.S. bond is a liability of the individual.
B. 货币是一种资产,但美国债券是个人的负债。
C. both are stores of value
C. 两者都是价值存储.
D. money is a store of value but the bond is not.
D.money 是一种价值储存手段,但债券不是。