
monetary system
Quiz
•
Education
•
University
•
Practice Problem
•
Hard
Daniella Baya
Used 11+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
function of money?
Medium of exchange
unit of account
Store value
All answer
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between commodity and fiat money?
There are no difference
With fiat money you can control inflation and with commodity no
With commodity money you can control supply
All answer
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following in an example of money functioning as a store of value?
Comcast charging 99$ for internet, phone and cable service
McDonald charging 99 cents for a burger
Your saving your spare change in a jar in order to affront an end-of-term party
Amazon.com charging 9.95$ for shipping
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The main role of the Central Bank is:
To regulate commercial banks
To provide services to commercial banks
To provide service to the public
Both A and B
none of the above
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
In march 2015, Sun trust bank has 83$million in loans and 114$ in M1 deposits.
If Sun trust is holding 4$ million in reserves, the bank's reserve ratio is
31$ millions
4.8 percent
3.5 percent
72.5 percent
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The quantity of money that people wish to hold in liquid form depend on which of the following factors:
The price level
The degree of financial innovation
The value of the exchange rate
A and B
A and C
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The purchase of bonds form the central Bank is called:
Expansionary monetary policy
Contractionary monetary policy
Expansionary fiscal policy
Contractionary fiscal policy
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