Say you pay $50 for soccer tickets to attend the Houston Rodeo.  This is an example of what function of money?

A change in the monetary base

The Fed’s primary monetary liabilities is called the _____ and consists of ______ and ______. 

One of the functions of money is that it serves as a store of value.  In the U.S., we are reasonably confident that a $20 bill will buy the same quantity of goods one month from now as it will today.  However, it is not a perfect store of value.  Why?

What would happen if a society changed from a barter economy to a monetary economy?

A person’s wealth typically consists of lots of different assets and some of those assets are considered money.  Money is unique in that  

Your textbook describes what’s know as “instrument independence” with respect to monetary policy.  To what does this refer?  

Most U.S. financial crises have started during periods of ________ either after the start of a recession, a stock market crash, or the failure of a major financial institution.

How would you describe the “Lemons Problem” in stock and bond markets?  

As we know, the Fed sets the required reserve ratio on checkable deposits.  Say the Fed decides to increase it.  As a result, the money multiplier will ________ and the money supply will ________.