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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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1.  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.
2.  If money is to have a fairly stable value, its supply must be limited relative to the demand for it.
A.
B.
3.  It is expected that electronic money will reduce the problems for the Fed in controlling the money supply.
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.  Both commercial banks and thrift institutions accept checkable deposits.
A.
B.
6.  Federal Reserve Banks are owned and operated by the U.S. government.
A.
B.
7.  M2 exceeds M1 by the amount of noncheckable savings, small time deposits, and money market deposit accounts and money market mutual funds.
A.
B.
8.  A small time deposit is one that is less than $100,000.
A.
B.
9.  The Federal Open Market Committee is responsible for keeping the stock market open and regulated.
A.
B.
10.  The Federal Reserve Banks are the bankers' banks because they make loans to and accept deposits from depository institutions.
A.
B.
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