Ch 13 Money And Banking

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

  
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1.  M2 exceeds M1 by the amount of noncheckable savings, small time deposits, and money market deposit accounts and money market mutual funds.
A.
B.
2.  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.
3.  Members of the Board of Governors of the Federal Reserve System are appointed by the president and confirmed by the senate.
A.
B.
4.  Currency and checkable deposits are money because they are acceptable to sellers in exchange for goods and services.
A.
B.
5.  If a coin is token money, its face value is less than its intrinsic value.
A.
B.
6.  Bond prices and interest rates are inversely related.
A.
B.
7.  Federal Reserve Banks are owned and operated by the U.S. government.
A.
B.
8.  Both commercial banks and thrift institutions accept checkable deposits.
A.
B.
9.  At times, the Fed lends money to banks and thrifts, charging them an interest rate called the bank and thrift rate.
A.
B.
10.  The checkable deposit of the Federal government at the Federal Reserve Banks are a component of M1.
A.
B.
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