1. Explain the differences between commodity money and
fiat money. What are the major disadvantages of commodity
money?
2. Why is the money multiplier considered to be a
potential multiplier rather than an indication of exactly how much
multiplication should be expected?
3. What are the inherent disadvantages of a barter
system?
4. Explain Gresham's Law.
5. Calculate M1 and M2 using details from the table
given below.
Value (in millions)
Currency
$80
Checkable deposits
30
Traveler's checks
15
Savings...
Explain the difference between two independent samples and two
dependent samples.
Provide examples of each type of pairs of samples.
Compare and contrast the hypothesis testing process of two
independent and two dependent samples. (Do not conduct the
hypothesis testing.)