Tackle the Test: Free-Response Questions

  1. Question

    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

    Rubric for FRQ 1 (6 points)

    1 point: It can easily be converted into cash.

    1 point: A Federal Reserve note

    1 point: It is already cash.

    1 point: A house

    1 point: It takes time and resources to sell a house.

    1 point: M1 and M2 (They were part of M3 as well, but the Fed no longer uses this measure.)

  2. Question

    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