Ch 13 Money And Banking

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

  
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1.  A near money is a medium of exchange.
A.
B.
2.  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.
3.  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.
4.  Economists and public officials are in general agreement on how to define the money supply in the U.S.
A.
B.
5.  M2 is less than M3 by the amount of small time deposits in depository institutions.
A.
B.
6.  At times, the Fed lends money to banks and thrifts, charging them an interest rate called the bank and thrift rate.
A.
B.
7.  Federal Reserve Banks are owned and operated by the U.S. government.
A.
B.
8.  The checkable deposit of the Federal government at the Federal Reserve Banks are a component of M1.
A.
B.
9.  The Federal Reserve Banks are the bankers' banks because they make loans to and accept deposits from depository institutions.
A.
B.
10.  The money supply designated M1 is the sum of currency and noncheckable deposits.
A.
B.
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