| absolute price token money good currency exchange rate value of money relative price intrinsic value hyperinflation flexible price marginal utility money monetary aggregates devaluation () total utility legal tender () medium of exchange gold standard inflation utility short-run property | rate of exchange near-money unit of account international gold standard () gold parity store of value fiat money paper money division of labor demand services supply market mechanism market equilibrium price rationing function of price traditional economy commodity money price |
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13. What are the advantages of specialization in the use of human and material resources?
14. What is meant by the,,rationing function of prices?
15. How would you define money? What are the components of the M1 supply of money in Ukraine?
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6.Which of the following is not of the function of money:
a) a medium of exchange;
b) a store of value;
c) a unit of account;
d) a factor of production.
7. Commodity money:
a) has no intrinsic value;
b) has intrinsic value;
c) is used exclusively in Ukraine;
e) is used as reserves to back fait money.
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1. : . ϳ. . 1 / . . . . .: , 2009. . 133 183.
2. . ϳ / . . . : 2000, 2006. . 141 209.
3. : . ϳ / . . . . .: , 2008, . 59 93.
