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.  Members of the Board of Governors of the Federal Reserve System are appointed by the president and confirmed by the senate.
A.
B.
2.  Both commercial banks and thrift institutions accept checkable deposits.
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 price level would, ceteris paribus, increase the transactions demand for money.
A.
B.
5.  The currency component of M1 includes both coins and paper money.
A.
B.
6.  The Federal Reserve Banks are the bankers' banks because they make loans to and accept deposits from depository institutions.
A.
B.
7.  A small time deposit is one that is less than $100,000.
A.
B.
8.  Federal Reserve Banks are owned and operated by the U.S. government.
A.
B.
9.  There is a transactions demand for money because households and business firms use money as a store of value.
A.
B.
10.  M2 exceeds M1 by the amount of noncheckable savings, small time deposits, and money market deposit accounts and money market mutual funds.
A.
B.
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