We have sent an email with your new password.

Close this window

Ch 13 Money And Banking

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

  
Changes are done, please start the quiz.


Question Excerpt

Removing question excerpt is a premium feature

Upgrade and get a lot more done!
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.  It is expected that electronic money will reduce the problems for the Fed in controlling the money supply.
A.
B.
3.  The Federal Reserve Banks are the bankers' banks because they make loans to and accept deposits from depository institutions.
A.
B.
4.  The checkable deposit of the Federal government at the Federal Reserve Banks are a component of M1.
A.
B.
5.  At times, the Fed lends money to banks and thrifts, charging them an interest rate called the bank and thrift rate.
A.
B.
6.  Currency and checkable deposits are money because they are acceptable to sellers in exchange for goods and services.
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.  An increase in the price level would, ceteris paribus, increase the transactions demand for money.
A.
B.
9.  The currency component of M1 includes both coins and paper money.
A.
B.
10.  Economists and public officials are in general agreement on how to define the money supply in the U.S.
A.
B.
Back to top

Removing ad is a premium feature

Upgrade and get a lot more done!
Take Another Quiz