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Your quiz has been submitted successfully.Question 12 / 2 pointsMoney is any commodity or token that isA) issued by the government.B) generally accepted as a means of payment.C) generally accepted as a means of measurement.D) a store of value.E) backed by gold.Question 22 / 2 pointsFor an asset to be a "means of payment," the assetA) requires a double coincidence of wants.B) can be used to settle a debt.C) is valuable and backed by the government.D) is valuable and backed by gold.E) must be used when bartering.Question 30 / 2 pointsM1 is composed ofA) currency held by individuals and businesses, traveler's checks, and checkable deposits owned by individuals and businesses.B) currency inside of banks, traveler's checks, and government-issued checks.C) checkable deposits owned by individuals and businesses, saving deposits, and certificates of deposit.D) traveler's checks, credit cards, and e-cash.E) currency held by individuals and businesses, traveler's checks, and the credit line on credit cards.Question 42 / 2 pointsM2 consists ofA) M1 plus currency at the banks.B) M1 plus saving deposits, small time deposits, and money market funds.C) M1 plus traveler's checks.D) M1 plus Federal Reserve notes.E) M1 plus checkable deposits.Question 52