Ch 13 Money And Banking

10 Questions  I  By Ecofanics
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Finance Quizzes & Trivia
Ch 13 of McConnell and Brue.

  
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1.  There is a transactions demand for money because households and business firms use money as a store of value.
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B.
2.  The checkable deposit of the Federal government at the Federal Reserve Banks are a component of M1.
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B.
3.  Economists and public officials are in general agreement on how to define the money supply in the U.S.
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B.
4.  If a coin is token money, its face value is less than its intrinsic value.
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B.
5.  The Federal Open Market Committee is responsible for keeping the stock market open and regulated.
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B.
6.  At times, the Fed lends money to banks and thrifts, charging them an interest rate called the bank and thrift rate.
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B.
7.  Currency and checkable deposits are money because they are acceptable to sellers in exchange for goods and services.
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B.
8.  Bond prices and interest rates are inversely related.
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B.
9.  M2 exceeds M1 by the amount of noncheckable savings, small time deposits, and money market deposit accounts and money market mutual funds.
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B.
10.  A small time deposit is one that is less than $100,000.
A.
B.
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