Homework Answers
19. Money is anything that serves as a medium of exchange.
20. A Federal Reserve Note is a fiat money.
21. $14,000 of new money will be created from additional reserves of $1,400.
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Money is anything that serves asa_ OUnit of account Store of value O Medium of exchange...
Gold used as Money: Is commodity money Would be a medium of exchange Has no intrinsic value Both A and B are correct. Fu...
Gold used as Money: Is commodity money Would be a medium of exchange Has no intrinsic value Both A and B are correct. Funds in your checking account: Would be included in your list of assets Is a medium of exchange Is fiat money All of the above are true
Money functions as 1) a store of value. il) unit of account ill) medium of exchange....
Money functions as 1) a store of value. il) unit of account ill) medium of exchange. iv) opportunity costs of money supply Multiple Choice iv only il and iv i only 1, ll, and it
Question 5 2 pts Year 2012 2013 2014 Adult Population 2,000 3,000 3,200 Number of Employed...
Question 5 2 pts Year 2012 2013 2014 Adult Population 2,000 3,000 3,200 Number of Employed 1,400 1,300 1,600 200 600 200 Number of Unemployed The number of adults not in the labor force of Aridia in 2012 was O 400 O 1,800 O 200 600 Question 6 The regional Federal Reserve Banks O are not allowed to make loans to banks in their region. O regulate banks in their regions. o have more voting members on the FOMC than...
40) Ryan saved $50,000 last year so that he could buy asr.In this case, money served the4) function of a A) measure of inflation C) store of value B) unit of account D) medium of exchange 41) Whi...
40) Ryan saved $50,000 last year so that he could buy asr.In this case, money served the4) function of a A) measure of inflation C) store of value B) unit of account D) medium of exchange 41) Which of the following is likely to be true when an economy is in a boom? 41) A) The size of the govermment expenditure multiplier is relatively small. B) The inflation rate is negative. C) The unemployment rate is high. D) The size...
22. According to the authors of the text, money is a force multiplier in that it:...
22. According to the authors of the text, money is a force multiplier in that it: a. eliminated the disadvantage that arises from the double coincidence of wants. b. reduces the number of prices. c. provides valuable role for gold in a money economy. d. All of the above. e. Only A and B of the above 38. Carmen has $2000 in cash that she had been holding onto for a while and has decided to deposit this money into...
50. Which of the following best illustrates the medium of exchange function of money? O A....
50. Which of the following best illustrates the medium of exchange function of money? O A. You keep some money hidden in your shoe. OB. You keep track of the value of your assets in terms of currency. O c. You pay for your double latte using currency. OD. You lend $25 to your friend. 51. Which of the following lists ranks assets from most to least liquid? O A. currency, fine art, stocks B. currency, stocks, fine art c....
0.75 pts Question 1 The Dodd-Frank Wall Street Reform Bill: increased capital requirements of investment banks....
0.75 pts Question 1 The Dodd-Frank Wall Street Reform Bill: increased capital requirements of investment banks. O requires that financial derivatives be traded on regulated exchanges. )created the Bureau of Consumer Financial Protection within the Federal Reserve. All of the above None of the above. Question 2 0.75 pts Which financial reform legislation removed the Glass-Stegal provisions separating commercial from investment banking? Depository Institutions and Deregulation Monetary Control Act-198. O Garn-St. Germain Depository Institutions Act-1982 O Financial Services Moderization Act-1999....
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...
Fed buys bonds in the open market influence the money supply it create money, they create...
Fed buys bonds in the open market influence the money supply it create money, they create wealth. ey supply of Hooba is $10,000 in a pl the money supply if they hold all depoits in reserve it the Banks cannot rnsl As banks create decreases the reserve requirement to 10 percest, the If Hooba could increase by no more than $9,000.e n u CHOICE QUESTIONS (1.5 marks banking system. percest, the money supply Per Question, 30 in total) (1) Which...
1. When it comes to financial matters, the views of Aristotle can be stated as:...
1. When it comes to financial matters, the views of Aristotle can be stated as: a. usury is nature’s way of helping each other. b. the fact that money is barren makes it the ideal medium of exchange. c. charging interest is immoral because money is not productive. d. when you lend money, it grows more money. e. interest is too high if it can’t be paid back. 2. Since 2008, when the monetary base was about $800 billion,...
Money functions as 1) a store of value. il) unit of account ill) medium of exchange. iv) opportunity costs of money supply Multiple Choice iv only il and iv i only 1, ll, and it
Question 5 2 pts Year 2012 2013 2014 Adult Population 2,000 3,000 3,200 Number of Employed 1,400 1,300 1,600 200 600 200 Number of Unemployed The number of adults not in the labor force of Aridia in 2012 was O 400 O 1,800 O 200 600 Question 6 The regional Federal Reserve Banks O are not allowed to make loans to banks in their region. O regulate banks in their regions. o have more voting members on the FOMC than...
40) Ryan saved $50,000 last year so that he could buy asr.In this case, money served the4) function of a A) measure of inflation C) store of value B) unit of account D) medium of exchange 41) Which of the following is likely to be true when an economy is in a boom? 41) A) The size of the govermment expenditure multiplier is relatively small. B) The inflation rate is negative. C) The unemployment rate is high. D) The size...
50. Which of the following best illustrates the medium of exchange function of money? O A. You keep some money hidden in your shoe. OB. You keep track of the value of your assets in terms of currency. O c. You pay for your double latte using currency. OD. You lend $25 to your friend. 51. Which of the following lists ranks assets from most to least liquid? O A. currency, fine art, stocks B. currency, stocks, fine art c....
0.75 pts Question 1 The Dodd-Frank Wall Street Reform Bill: increased capital requirements of investment banks. O requires that financial derivatives be traded on regulated exchanges. )created the Bureau of Consumer Financial Protection within the Federal Reserve. All of the above None of the above. Question 2 0.75 pts Which financial reform legislation removed the Glass-Stegal provisions separating commercial from investment banking? Depository Institutions and Deregulation Monetary Control Act-198. O Garn-St. Germain Depository Institutions Act-1982 O Financial Services Moderization Act-1999....
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...
Fed buys bonds in the open market influence the money supply it create money, they create wealth. ey supply of Hooba is $10,000 in a pl the money supply if they hold all depoits in reserve it the Banks cannot rnsl As banks create decreases the reserve requirement to 10 percest, the If Hooba could increase by no more than $9,000.e n u CHOICE QUESTIONS (1.5 marks banking system. percest, the money supply Per Question, 30 in total) (1) Which...
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