Ch 13 Money And Banking

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

  
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1.  It is expected that electronic money will reduce the problems for the Fed in controlling the money supply.
A.
B.
2.  A near money is a medium of exchange.
A.
B.
3.  The money supply designated M1 is the sum of currency and noncheckable deposits.
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.  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.
6.  An increase in the price level would, ceteris paribus, increase the transactions demand for money.
A.
B.
7.  The Federal Reserve Banks are the bankers' banks because they make loans to and accept deposits from depository institutions.
A.
B.
8.  Economists and public officials are in general agreement on how to define the money supply in the U.S.
A.
B.
9.  Bond prices and interest rates are inversely related.
A.
B.
10.  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.
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