Exam 24: The Nature and Creation of Money
Exam 1: Economics: the Study of Choice138 Questions
Exam 2: Confronting Scarcity: Choices in Production193 Questions
Exam 3: Demand and Supply243 Questions
Exam 4: Applications of Demand and Supply108 Questions
Exam 5: Macroeconomics: the Big Picture243 Questions
Exam 6: Measuring Total Output and Income228 Questions
Exam 7: Aggregate Demand and Aggregate Supply223 Questions
Exam 8: Economic Growth221 Questions
Exam 9: The Nature and Creation of Money267 Questions
Exam 10: Monopoly229 Questions
Exam 11: The World of Imperfect Competition227 Questions
Exam 12: Wages and Employment in Perfect Competition173 Questions
Exam 13: Interest Rates and the Markets for Capital and Natural Resources161 Questions
Exam 14: Imperfectly Competitive Markets for Factors of Production178 Questions
Exam 15: Public Finance and Public Choice179 Questions
Exam 16: Inflation and Unemployment132 Questions
Exam 17: International Trade179 Questions
Exam 18: The Economics of the Environment144 Questions
Exam 19: Inequality, Poverty, and Discrimination134 Questions
Exam 20: Macroeconomics: the Big Picture104 Questions
Exam 21: Measuring Total Income and Output134 Questions
Exam 22: Aggregate Demand and Aggregate Supply120 Questions
Exam 23: Economic Growth124 Questions
Exam 24: The Nature and Creation of Money183 Questions
Exam 25: Financial Markets and the Economy158 Questions
Exam 26: Monetary Policy and the Fed175 Questions
Exam 27: Government and Fiscal Policy177 Questions
Exam 28: Consumption and the Aggregate Expenditures Model199 Questions
Exam 29: Investment and Economic Activity115 Questions
Exam 30: Net Exports and International Finance202 Questions
Exam 31: Macro Inflation and Unemployment135 Questions
Exam 32: Macro a Brief History of Macroeconomic Thought and Policy120 Questions
Exam 33: Economic Development107 Questions
Exam 34: Socialist Economies in Transition129 Questions
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If you withdraw currency from your savings account, you are
Free
(Multiple Choice)
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Correct Answer:
C
Which of the following statements is true?
Free
(Multiple Choice)
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Correct Answer:
C
Scenario 2: Fed sells bonds to Henry Hyde
Consider a banking system in which the reserve requirement is 10%, banks try not to hold excess reserves, consumers and firms hold money only in the form of checking account balances, and all loan proceeds are spent.Suppose initially all banks in the system are loaned up.Now, suppose that the Fed sells a $50,000 bond to Henry Hyde, who pays for the bond by writing a check drawn against Jekyll Bank.
-Refer to Scenario 2.As a result of the open market sale, Jekyll Bank
Free
(Multiple Choice)
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Correct Answer:
C
Suppose a bank has $50,000 in deposits and $6,000 in reserves.The required reserve ratio is 10%.Which of the following occurs if the required reserve ratio is increased to 12%?
(Multiple Choice)
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Money, like other assets such as durable goods, stocks, and bonds is a way of transferring purchasing power from the present to the future but money is different from these other assets because it is a medium of exchange while the other assets are not.
(True/False)
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When a person makes price comparisons among products, money is being used as a(n)
(Multiple Choice)
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What happens to the value of the deposit multiplier when banks hold excess reserves?
(Multiple Choice)
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When her $1,000 time deposit expires, Suneeta decides not to renew the time deposit and opts to cash out.As a result of her transaction
(Multiple Choice)
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When the Fed _______ governments bonds it _______ bank reserves.
(Multiple Choice)
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Which of the following is part of M1?
I.currency in a bank's vault
II.cash in your purse
III.checkable deposits
IV.savings deposits
(Multiple Choice)
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When the Fed purchases government bonds it _____ reserves and ____ the money supply.
(Multiple Choice)
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The rate of interest charged for reserves in the federal funds market is the
(Multiple Choice)
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Which of the following illustrates the medium-of-exchange function of money?
(Multiple Choice)
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What is the interest rate earned on the reserves that bank's keep at the Fed?
(Multiple Choice)
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The unit-of-account function of money means that money is used
(Multiple Choice)
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The Federal Depository Insurance Corporation (FDIC)has the power to close a bank when
(Multiple Choice)
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Rank the following items in terms of most liquid to least liquid.
(Multiple Choice)
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