Homework Answers
Answer.
Credit card are considered as money substitutes because even if at moment they are used to purchase good and services, in future eventually money will be used as payment for the transaction to the bank.
So, correct answer is D.
As per HOMEWORKLIB RULES, first question is answered.
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Question 16 (1 point) Saved Credit cards are considered to be "money substitutes" instead of money...
Saved Question 20 (1 point) What is a bank run? O A) A situation where a...
Saved Question 20 (1 point) What is a bank run? O A) A situation where a commercial bank is holding zero reserves. B) A panic situation where many depositors rush simultaneously to withdraw their deposit money in the form of cash. OC) A situation where all commercial banks in the system are simultaneously short of reserves. O D) The collapse of a non-commercial bank as a result of non-payment of loans. E) The collapse of a commercial banks as a...
Question 27 (1 point) Saved The main distinction between M2 and M2+ is that M2+ also...
Question 27 (1 point) Saved The main distinction between M2 and M2+ is that M2+ also includes O A) deposits at trust companies, caisse populaires and foreign-currency accounts O B) coins in circulation. OC) money market mutual funds held by the Bank of Canada. OD) paper currency. OE) deposits at financial institutions other than the chartered banks. Question 28 (1 point) Saved The functions of the Bank of Canada include O A) acting as the lender of last resort for...
Question 44 (1 point) Assume that, in the process of an open market operation, the Bank...
Question 44 (1 point) Assume that, in the process of an open market operation, the Bank of Canada buys $100 billion worth of government bonds of chartered banks. Assuming the desired reserve ratio is 20%, in this process, a) Bank of Canada's assets increase by $100b. b) Bank of Canada's assets decrease by $100b. c) chartered banks' deposits at the Bank of Canada decrease by $100b. d) chartered banks' deposits at the Bank of Canada increase by $100b. e) chartered...
Question 9 (1 point) Which of the following is not considered a function of money? Question...
Question 9 (1 point) Which of the following is not considered a function of money? Question 9 options: it facilitates exchange it acts as a means of payment it can be held and exchanged for future goods and services it allows banks to lend out funds all of the above are functions of money Question 10 (1 point) Suppose that I find out from a L.L. Bean catalogue that a sweater costs $45. In this case, money is serving as...
QUESTION 4 Congress finances a budget deficit by O A raising taxes B. printing money OC....
QUESTION 4 Congress finances a budget deficit by O A raising taxes B. printing money OC. lowering taxes OD. selling bonds QUESTION 5 The group of three economists appointed by the president to provide fiscal policy recommendations is the A Council of economic advisors B. Bureau of economic analysis O Federal open market committee OD. Federal reserve board of governors C. QUESTION 6 The following data relates to the value of different items in the hypothetical economy of Richlandia: savings...
Question 17 (1 point) ✓ Saved You have $5000 invested in a 30-day savings certificate at...
Question 17 (1 point) ✓ Saved You have $5000 invested in a 30-day savings certificate at an interest rate of 1.00%. How much money will you have when the certificate matures? OA) $5400.11 OB) $4500.11 Oc) $5040.11 D) $5004.11 e O E) $4.11
Interest rate (percent per year) 7- The figure shows the demand for money curve in Epsilon....
Interest rate (percent per year) 7- The figure shows the demand for money curve in Epsilon. Draw the supply of money curve if the Fed wants the interest rate to be 6 percent a year. Label it. Draw a point at the equilibrium in the money market. 6- bonds. If the interest rate is 5 percent, people will Bond prices will 5- 4- O A. sell; rise OB. buy, fall O C. sell; fall OD. buy, rise MD The interest...
Question 11 (1 point) Saved Which of the following is not a method of defining al...
Question 11 (1 point) Saved Which of the following is not a method of defining al ealthcare market? OA) Opportunities OB) Population segments OC) Reimbursement patterns OD) Consumer demand
Question 28 (1 point) Classify the following three scenarios by the role which money plays. The...
Question 28 (1 point) Classify the following three scenarios by the role which money plays. The answers will either be medium of exchange, unit of account, or store of value. (1) Darnell deposits $1,200 in his savings account. (2) Rosa buys a new pair of jeans for $90. (3) Bernard compares the prices of the latest iPhone and the latest Android phone and determines that the iPhone is more expensive. Store of value, unit of account, medium of exchange Unit...
Question 12 (1 point) The transactions demand for money is least likely to be a function...
Question 12 (1 point) The transactions demand for money is least likely to be a function of the price level. interest rate. level of national income. frequency of wage and salary payments Question 13 (1 point) If the quantity of money demanded exceeds the quantity supplied the supply-of-money curve will shift to the left the demand-for-money curve will shift to the right. the interest rate will rise. the interest rate will fall.
Saved Question 20 (1 point) What is a bank run? O A) A situation where a commercial bank is holding zero reserves. B) A panic situation where many depositors rush simultaneously to withdraw their deposit money in the form of cash. OC) A situation where all commercial banks in the system are simultaneously short of reserves. O D) The collapse of a non-commercial bank as a result of non-payment of loans. E) The collapse of a commercial banks as a...
Question 27 (1 point) Saved The main distinction between M2 and M2+ is that M2+ also includes O A) deposits at trust companies, caisse populaires and foreign-currency accounts O B) coins in circulation. OC) money market mutual funds held by the Bank of Canada. OD) paper currency. OE) deposits at financial institutions other than the chartered banks. Question 28 (1 point) Saved The functions of the Bank of Canada include O A) acting as the lender of last resort for...
Question 44 (1 point) Assume that, in the process of an open market operation, the Bank of Canada buys $100 billion worth of government bonds of chartered banks. Assuming the desired reserve ratio is 20%, in this process, a) Bank of Canada's assets increase by $100b. b) Bank of Canada's assets decrease by $100b. c) chartered banks' deposits at the Bank of Canada decrease by $100b. d) chartered banks' deposits at the Bank of Canada increase by $100b. e) chartered...
QUESTION 4 Congress finances a budget deficit by O A raising taxes B. printing money OC. lowering taxes OD. selling bonds QUESTION 5 The group of three economists appointed by the president to provide fiscal policy recommendations is the A Council of economic advisors B. Bureau of economic analysis O Federal open market committee OD. Federal reserve board of governors C. QUESTION 6 The following data relates to the value of different items in the hypothetical economy of Richlandia: savings...
Question 17 (1 point) ✓ Saved You have $5000 invested in a 30-day savings certificate at an interest rate of 1.00%. How much money will you have when the certificate matures? OA) $5400.11 OB) $4500.11 Oc) $5040.11 D) $5004.11 e O E) $4.11
Interest rate (percent per year) 7- The figure shows the demand for money curve in Epsilon. Draw the supply of money curve if the Fed wants the interest rate to be 6 percent a year. Label it. Draw a point at the equilibrium in the money market. 6- bonds. If the interest rate is 5 percent, people will Bond prices will 5- 4- O A. sell; rise OB. buy, fall O C. sell; fall OD. buy, rise MD The interest...
Question 11 (1 point) Saved Which of the following is not a method of defining al ealthcare market? OA) Opportunities OB) Population segments OC) Reimbursement patterns OD) Consumer demand
Question 28 (1 point) Classify the following three scenarios by the role which money plays. The answers will either be medium of exchange, unit of account, or store of value. (1) Darnell deposits $1,200 in his savings account. (2) Rosa buys a new pair of jeans for $90. (3) Bernard compares the prices of the latest iPhone and the latest Android phone and determines that the iPhone is more expensive. Store of value, unit of account, medium of exchange Unit...
Question 12 (1 point) The transactions demand for money is least likely to be a function of the price level. interest rate. level of national income. frequency of wage and salary payments Question 13 (1 point) If the quantity of money demanded exceeds the quantity supplied the supply-of-money curve will shift to the left the demand-for-money curve will shift to the right. the interest rate will rise. the interest rate will fall.
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