Run the money gates

Exercise and reference answers

Questions

1. Correct

   M1

   Choices

   1. M1
   2. M2
   3. Neither

2. Correct

   M2

   Choices

   1. M1
   2. M2
   3. Neither

3. Correct

   Commodity

   Choices

   1. Commodity
   2. Fiat
   3. Neither

4. Correct

   Fiat

   Choices

   1. Commodity
   2. Fiat
   3. Neither

5. Correct

   Asset

   Choices

   1. Asset
   2. Liability
   3. Neither

6. Correct

   Liability

   Choices

   1. Asset
   2. Liability
   3. Neither

Instructions

Pick the correct term at every gate.

Explanation