chapter 3, 5. Most of the time it is quite difficult to separate the three functions of money. Money performs its three functions at all times, but sometimes we can stress one in particular. For each of the following situations, identify which function of money is emphasized. a. Brooke accepts money in exchange for performing her daily tasks at her office, since she knows she can use that money to buy goods and services. b. Tim wants to calculate the relative value of oranges and apples, and therefore checks the price per pound of each of these goods as quoted in currency units. c. Maria is currently pregnant. She expects her expenditures to increase in the future and decides to increase the balance in her savings account. 12. Rank the following assets from most liquid to least liquid: a. Checking account deposits b. Houses c. Currency d. Automobiles e. Savings deposits f. Common stock chapter 4, 1. Write down the formula that is used to calculate the yield to maturity on a twenty-year 10% coupon bond with a $1,000 face value that sells for $2,000 2. Explain which information you would need to take into consideration when deciding to receive $5,000 today or $5,500 one year from today. 4. Do bondholders fare better when the yield to maturity increases or when it decreases? Why? You can post before the deadline. No credit after the deadline.