Ch 13 Money And Banking

10 Questions  I  By Ecofanics
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.  Congress established the Fed as an independent agency to protect it from political pressure so that it can effectively control the money supply and maintain price stability.
A.
B.
2.  Federal Reserve Banks are owned and operated by the U.S. government.
A.
B.
3.  The currency component of M1 includes both coins and paper money.
A.
B.
4.  If money is to have a fairly stable value, its supply must be limited relative to the demand for it.
A.
B.
5.  A small time deposit is one that is less than $100,000.
A.
B.
6.  It is expected that electronic money will reduce the problems for the Fed in controlling the money supply.
A.
B.
7.  Currency and checkable deposits are money because they are acceptable to sellers in exchange for goods and services.
A.
B.
8.  M2 is less than M3 by the amount of small time deposits in depository institutions.
A.
B.
9.  Economists and public officials are in general agreement on how to define the money supply in the U.S.
A.
B.
10.  Bond prices and interest rates are inversely related.
A.
B.
Back to top


to post comments.

Removing ad is a premium feature

Upgrade and get a lot more done!
Take Another Quiz