Q Pop Quiz #4 1. Why is a nation’s central bank an important institution based on Mankiw’s comments from Ch 29 Why It Matters: Is There Really a Difference Between a Dollar Bill and Play Money? 2. What does happen if the economy has no money as a medium of exchange? Use Concept Clip: Medium of Exchange and Barter in Ch 29. 3. What do we assume in microeconomics and why? Use Concept Clip: Unit of Account in Ch 29. 4. Explain the effect of inflation on the store of value function of money based on Concept Clip: Store of Value and Inflation in Ch 29. 5. Why can be demand deposit qualified as money? You can find answers from Concept Clip: Money and Demand Deposits in Ch 29.