A) currency; demand deposits
B) credit cards; debit cards
C) demand deposits; savings deposits
D) debit cards; credit cards
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verified
Multiple Choice
A) conduct open-market purchases.
B) conduct open-market sales.
C) raise the interest rate paid on reserves.
D) lower the interest rate paid on reserves.
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verified
Multiple Choice
A) purchases; raise
B) purchases; lower
C) sales; raise
D) sales; lower
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verified
Multiple Choice
A) currency.
B) demand deposits.
C) the monetary base.
D) M2.
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verified
Multiple Choice
A) fiat
B) intrinsic
C) commodity
D) government
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Multiple Choice
A) real income.
B) nominal income.
C) money.
D) consumption.
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Essay
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Multiple Choice
A) 3 percent
B) 5 percent
C) 10 percent
D) 15 percent
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Multiple Choice
A) Commerce Department efforts to open foreign markets to international trade.
B) Federal Reserve purchases and sales of government bonds.
C) Securities and Exchange Commission rules requiring open disclosure of market trades.
D) Treasury Department purchases and sales of the U.S. gold stock.
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Multiple Choice
A) in their vaults.
B) at the central bank.
C) to meet legal reserve requirements.
D) above the legally required amount.
Correct Answer
verified
Multiple Choice
A) conduct open-market purchases.
B) conduct open-market sales.
C) raise the interest rate paid on reserves.
D) lower the required reserve ratio.
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Multiple Choice
A) -$1,000
B) +$500
C) +$1,000
D) +$1,500
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Multiple Choice
A) safer and shorter-term
B) tax-favored and foreign
C) smaller-denomination and higher-grade
D) riskier and longer-term
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Multiple Choice
A) the Federal Reserve.
B) business policies of banks and the laws regulating banks.
C) preferences of households about the form of money they wish to hold.
D) the Federal Deposit Insurance Corporation (FDIC) .
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Multiple Choice
A) liquidity.
B) wealth.
C) reserves.
D) currency.
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Essay
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Essay
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View Answer
Multiple Choice
A) currency.
B) certificates of deposit.
C) checking accounts.
D) money markets.
Correct Answer
verified
Multiple Choice
A) a 100-percent-reserve banking system but not in a fractional-reserve banking system.
B) a fractional-reserve banking system but not in a 100-percent-reserve banking system.
C) both a 100-percent-reserve banking system and a fractional-reserve banking system.
D) neither a 100-percent-reserve banking system nor a fractional-reserve banking system.
Correct Answer
verified
Multiple Choice
A) currency and demand deposits.
B) vault cash and deposits at the Federal Reserve.
C) gold deposits at the Federal Reserve.
D) the money supply.
Correct Answer
verified
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