The Fed usually sets a higher reserve requirement for savings accounts than for checking accounts

The store of value function is defined as the

A) double coincidence of wants that is used in the debate over barter versus money. B) pricing of goods and services in one measure. C) exchange of goods and services directly for other goods and services. D) holding of money from one transaction to be used later in another transaction. E) use of money as a medium of exchange.

If a market is shared equally by four firms, the Herfindahl-Hirschman Index is

A) 1/4. B) 4. C) 25. D) 2,500.