Ch 13 Money And Banking

10 Questions  I  By Ecofanics
Ch 13 Money and Banking
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.  M2 is less than M3 by the amount of small time deposits in depository institutions.
A.
B.
3.  Federal Reserve Banks are owned and operated by the U.S. government.
A.
B.
4.  It is expected that electronic money will reduce the problems for the Fed in controlling the money supply.
A.
B.
5.  In recent years, banks and thrifts have increased their share of the financial services indurty and control of financial assets.
A.
B.
6.  Bond prices and interest rates are inversely related.
A.
B.
7.  Economists and public officials are in general agreement on how to define the money supply in the U.S.
A.
B.
8.  An increase in the price level would, ceteris paribus, increase the transactions demand for money.
A.
B.
9.  The money supply designated M1 is the sum of currency and noncheckable deposits.
A.
B.
10.  A small time deposit is one that is less than $100,000.
A.
B.
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