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Ch 13 Money And Banking

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

  
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Question Excerpt

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1.  If money is to have a fairly stable value, its supply must be limited relative to the demand for it.
A.
B.
2.  If a coin is token money, its face value is less than its intrinsic value.
A.
B.
3.  Economists and public officials are in general agreement on how to define the money supply in the U.S.
A.
B.
4.  An increase in the nominal GDP, ceteris paribus, will increase both the total demand for money and the equilibrium rate of interest in the economy.
A.
B.
5.  The money supply designated M1 is the sum of currency and noncheckable deposits.
A.
B.
6.  There is a transactions demand for money because households and business firms use money as a store of value.
A.
B.
7.  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.
8.  M2 is less than M3 by the amount of small time deposits in depository institutions.
A.
B.
9.  In recent years, banks and thrifts have increased their share of the financial services indurty and control of financial assets.
A.
B.
10.  The checkable deposit of the Federal government at the Federal Reserve Banks are a component of M1.
A.
B.
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