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Ch 13 Money And Banking

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

  
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Question Excerpt

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1.  A near money is a medium of exchange.
A.
B.
2.  The money supply designated M1 is the sum of currency and noncheckable deposits.
A.
B.
3.  The checkable deposit of the Federal government at the Federal Reserve Banks are a component of M1.
A.
B.
4.  M2 exceeds M1 by the amount of noncheckable savings, small time deposits, and money market deposit accounts and money market mutual funds.
A.
B.
5.  M2 is less than M3 by the amount of small time deposits in depository institutions.
A.
B.
6.  An increase in the price level would, ceteris paribus, increase the transactions demand for money.
A.
B.
7.  The currency component of M1 includes both coins and paper money.
A.
B.
8.  At times, the Fed lends money to banks and thrifts, charging them an interest rate called the bank and thrift rate.
A.
B.
9.  Currency and checkable deposits are money because they are acceptable to sellers in exchange for goods and services.
A.
B.
10.  Members of the Board of Governors of the Federal Reserve System are appointed by the president and confirmed by the senate.
A.
B.
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