Discussion:
1. If a bank grants you a mortgage, the mortgage is
2. Why do individuals hold money when it does not provide the services that, say, a house does
3. Which of the following is NOT a financial intermediary
4. Financial markets
5. If you purchase a Treasury bond, the Treasury bond is
6. Economists define liquidity as
7. When economists refer to the role of money as a unit of account, they mean that
8. The financial system is primarily a means by which
9. Economists define risk as
10. Fiat money