Ch 13 Money And Banking

10 Questions  I  By Ecofanics
Ch 13 of McConnell and Brue.

  
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1.  It is expected that electronic money will reduce the problems for the Fed in controlling the money supply.
A.
B.
2.  Economists and public officials are in general agreement on how to define the money supply in the U.S.
A.
B.
3.  Currency and checkable deposits are money because they are acceptable to sellers in exchange for goods and services.
A.
B.
4.  When the price of a product is stated in terms of dollars and cents, then money is functioning as a unit of account.
A.
B.
5.  Congress established the Fed as an independent agency to protect it from political pressure so that it can effectively control the money supply and maintain price stability.
A.
B.
6.  If a coin is token money, its face value is less than its intrinsic value.
A.
B.
7.  A small time deposit is one that is less than $100,000.
A.
B.
8.  Bond prices and interest rates are inversely related.
A.
B.
9.  The currency component of M1 includes both coins and paper money.
A.
B.
10.  Both commercial banks and thrift institutions accept checkable deposits.
A.
B.
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