Exam 17: Money, Inflation, and Banking

The Federal Reserve System has a network of how many Federal Reserve Banks?

The optimal trade-off between current consumption goods and future consumption goods is expressed as

Market exchange is typically an exchange of goods for money,as opposed to goods for goods,because use of money solves the problem of

Salt,for example,as it is used in part of Ethiopia,is an example of

If money is superneutral,

A double coincidence of wants problem can be overcome by

The most likely cause of a hyperinflation is

The phenomenon in which an insured individual takes less care in preventing the event against which she is insured is an example of

The Friedman rule works because

The money growth rate and the inflation rate

In the monetary intertemporal model,the long-run effects of an increase in the level of money include

The belief that the regulators of the U.S. financial system would not tolerate any losses by depositors at large depository institutions is called

Financial intermediaries

Circulating private bank notes

In the monetary intertemporal model,the long-run effects of an increase in the growth rate of money include

For assessing whether or not and how much of an asset to hold,the important consideration is the asset's amount of

The Diamond-Dybvig model provides a rationale for the phenomenon of

An asset's liquidity depends upon

A key property of a Diamond-Dybvig bank is

In the United States,the Federal Deposit Insurance Corporation (FDIC)usually insures the value of deposits up to