Homework Answers
Answer 27) E
M2 includes currency, personal deposits at chartered banks ,non personal demand and notice deposits at chartered banks and fixed term deposits. While M2+ includes all the items of M2 plus personal deposits at government owned savings institutions, money market mutual funds, life insurance companies.
Answer -28 B)
The functions of a central bank includes-
• controller of credit and money supply in economy
•The lender of last resort
• Issuer of currency
• Banker to Government
• Banker’s bank and supervisor
• Clearing House Of the Economy
Answer -29 E)
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Question 27 (1 point) Saved The main distinction between M2 and M2+ is that M2+ also...
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 16 (1 point) Saved Credit cards are considered to be "money substitutes" instead of money...
Question 16 (1 point) Saved Credit cards are considered to be "money substitutes" instead of money because OA) they are not acceptable to pay for purchases. OB) they cannot serve as a temporary medium of exchange. O C) the only function of money they can perform is to serve as a store of value. O D money must eventually be used to pay for the transaction. E) credit card accounts are not chequable. Question 17 (1 point) Until recently, and...
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 1 (1 point) The amount of reserves that a commercial bank is required to hold...
Question 1 (1 point)
The amount of reserves that a commercial bank is required to
hold is equal to:
Question 1 options:
the amount of its checkable deposits.
the sum of its checkable deposits and time deposits.
its checkable deposits multiplied by the reserve
requirement.
its checkable deposits divided by its total assets.
Save
Question 2 (1 point)
Answer the question on the basis of the following information
for the Moolah Bank.
Refer to the information and assume that Moolah...
money market mutual funds Question 5 (1 point) Which of the following is included in M2 but not in M1? ocurrency o d...
money market mutual funds Question 5 (1 point) Which of the following is included in M2 but not in M1? ocurrency o demand deposits savings deposits All of the above are included in both M1 and M2 Question 6 (1 point) Asset Amount in $Billions Small time deposits 780
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
Question 1 (1 point) Saved You want to invest on the education of your newborn daughter....
Question 1 (1 point) Saved You want to invest on the education of your newborn daughter. You estimate that 5 years of undergraduate engineering will cost you $20,000 per year (from t=18 through t=22), and two years for graduate school will cost you $30,000 per year (t=23 and t=24). How much do you need to deposit yearly with 10% interest rate compounding yearly next 18 years to cover her education cost? a) None of the answers are correct b) Between...
QUESTION 1 2 points Save Answer You are planning on having a garage sale, so you...
QUESTION 1 2 points Save Answer You are planning on having a garage sale, so you put price tags on all your used goods that you want to get rid of. You are using money as a O a unit of account O a medium of exchange O a store of value QUESTION 2 2 points Save Answer Amanda routinely uses currency to purchase her groceries. She is using money as a O a unit of account O a medium...
Question 1 (1 point) Saved Which of these processes must precede fertilization? a) oxidation O b)...
Question 1 (1 point) Saved Which of these processes must precede fertilization? a) oxidation O b) respiration Oc) mitosis Od) meiosis O e) mutation Question 2 (1 point) Which of the following diseases is not hereditary? O a) sickle-cell anemia O b ) cystic fibrosis c) diabetes d) arthritis O e) none of the above Question 3 (1 point) was an early pioneer in the field of genetics with his famous experiments with pea plants. a) Mendel Ob) Linnaeus OC)...
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 16 (1 point) Saved Credit cards are considered to be "money substitutes" instead of money because OA) they are not acceptable to pay for purchases. OB) they cannot serve as a temporary medium of exchange. O C) the only function of money they can perform is to serve as a store of value. O D money must eventually be used to pay for the transaction. E) credit card accounts are not chequable. Question 17 (1 point) Until recently, and...
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 1 (1 point)
The amount of reserves that a commercial bank is required to
hold is equal to:
Question 1 options:
the amount of its checkable deposits.
the sum of its checkable deposits and time deposits.
its checkable deposits multiplied by the reserve
requirement.
its checkable deposits divided by its total assets.
Save
Question 2 (1 point)
Answer the question on the basis of the following information
for the Moolah Bank.
Refer to the information and assume that Moolah...
money market mutual funds Question 5 (1 point) Which of the following is included in M2 but not in M1? ocurrency o demand deposits savings deposits All of the above are included in both M1 and M2 Question 6 (1 point) Asset Amount in $Billions Small time deposits 780
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
Question 1 (1 point) Saved You want to invest on the education of your newborn daughter. You estimate that 5 years of undergraduate engineering will cost you $20,000 per year (from t=18 through t=22), and two years for graduate school will cost you $30,000 per year (t=23 and t=24). How much do you need to deposit yearly with 10% interest rate compounding yearly next 18 years to cover her education cost? a) None of the answers are correct b) Between...
QUESTION 1 2 points Save Answer You are planning on having a garage sale, so you put price tags on all your used goods that you want to get rid of. You are using money as a O a unit of account O a medium of exchange O a store of value QUESTION 2 2 points Save Answer Amanda routinely uses currency to purchase her groceries. She is using money as a O a unit of account O a medium...
Question 1 (1 point) Saved Which of these processes must precede fertilization? a) oxidation O b) respiration Oc) mitosis Od) meiosis O e) mutation Question 2 (1 point) Which of the following diseases is not hereditary? O a) sickle-cell anemia O b ) cystic fibrosis c) diabetes d) arthritis O e) none of the above Question 3 (1 point) was an early pioneer in the field of genetics with his famous experiments with pea plants. a) Mendel Ob) Linnaeus OC)...
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