Question

9) Which group in the federal govenment is responsible for counting M1 and M2 money amounts?...

9)

Which group in the federal govenment is responsible for counting M1 and M2 money amounts?

A.

Federal Reserve

B.

Department of the Treasury

C.

US Mint

D.

Internal Revenue Service

10)

Which problem associated with barter transactions is reduced when people conduct these transactions with money?

A.

Transaction costs

B.

Local sales taxes

C.

Inflation

D.

Deflation

0 0
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Answer #1

9) Option A
Federal Reserve System is responsible for tracking the amounts of M1 and M2, it prepares a weekly release of the same

10) Option A
Barter transactions involves higher transaction costs because of problem of divisibility and the cost associated with negotiating relative values

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