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Ch 13 Money And Banking

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

  
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Question Excerpt

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1.  If money is to have a fairly stable value, its supply must be limited relative to the demand for it.
A.
B.
2.  Federal Reserve Banks are owned and operated by the U.S. government.
A.
B.
3.  Bond prices and interest rates are inversely related.
A.
B.
4.  M2 is less than M3 by the amount of small time deposits in depository institutions.
A.
B.
5.  If a coin is token money, its face value is less than its intrinsic value.
A.
B.
6.  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.
7.  An increase in the price level would, ceteris paribus, increase the transactions demand for money.
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.  A near money is a medium of exchange.
A.
B.
10.  The Federal Open Market Committee is responsible for keeping the stock market open and regulated.
A.
B.
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