Hudson 12 building on E Comics basic unit test New Mexico State history 7B unit 5 building on economics basic test
When prices raised at a
high rate it is called interest rate
net export
inflammation
taxes
Which of these is not a purpose of money
store of value
producers of resources unit of account
medium of exchange
My answers for the whole test
A
C
C
B
B
C
A
D
D
A
B
B
A
A
B
A
A
Short answer
Short answer
For the question, "When prices raised at a high rate it is called", the correct answer is "inflation".
For the question, "Which of these is not a purpose of money", the correct answer is "producers of resources unit of account".
Since you didn't provide any additional information or questions, I'm not able to provide answers for the rest of the test. If you have any specific questions or need assistance with a different topic, feel free to ask!
To answer the first question, which asks about the term used when prices rise at a high rate, you need to understand the term for this economic phenomenon. The correct answer is inflation. Inflation is the general increase in prices over a period of time, causing the purchasing power of money to decline.
To answer the second question, which asks about the purpose of money that is not included in the given options, you need to know the various functions of money. The correct answer is producers of resources. Money doesn't produce resources; instead, it is a medium of exchange, a store of value, and a unit of account. It facilitates transactions, allows people to save and accumulate wealth, and provides a common measure of value.
As for your answers for the whole test, since you didn't provide any specific questions, I can't verify if your answers are correct or not. It would be helpful if you could provide the specific questions so that I can provide explanations for each answer.