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AP Macroeconomics-Module 23 Study Guide
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AP Macroeconomics-Module 23 Study Guide
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EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.AP Macroeconomics-Module 23 Study
Guide
money - Answer✔✔-Any asset that can easily be used to purchase goods and services
currency in circulation - Answer✔✔-Actual cash held by the public
checkable bank deposits - Answer✔✔-Bank accounts on which people can write checks
money supply - Answer✔✔-The total value of financial assets in the economy that are considered money
medium of exchange - Answer✔✔-An asset that individuals acquire for the purpose of trading goods and
services rather than for their own consumption
store of value - Answer✔✔-An asset that is a means of holding purchasing power over time
unit of account - Answer✔✔-A measure used to set prices and make economic calculations
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