Exam 4 SP 23

Exam 4 SP 23

University

26 Qs

quiz-placeholder

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Exam 4 SP 23

Exam 4 SP 23

Assessment

Quiz

Specialty

University

Practice Problem

Hard

Created by

Ashleigh Gray

Used 15+ times

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26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In order for barter trades to occur, there must be a

  bargaining intermediary.

  sufficient supply of cash.

  double coincidence of wants.

  singularity of interests.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If money were not used as a medium of exchange,

  the gains from trade would be severely limited.

  our standard of living would probably improve.

  the transaction costs of exchange would be lower.

  economic efficiency would increase.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by the expression, "There is too much money chasing too few goods"?

People would be better off if the monetary authorities increased the supply of money more rapidly.

The value of money will tend to decline when the supply of gold increases.

An expansion in the supply of money relative to the availability of goods and services is causing an increase in the general level of prices.

People spend too much time chasing after money.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Are funds available on a credit card included in a definition of the money supply?

  Yes, because these funds are included in M2.

  No, because these funds are hard to measure total credit card spending.

  Yes, because these funds can be used to pay for goods and services.

  No, because these funds are not a store of value.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the United States, the money supply (M1) consists of

coins, paper currency, demand deposits, other checkable deposits, and traveler's checks.

government bonds, currency, demand deposits, other checkable deposits, and traveler's checks.

paper currency, coins, demand deposits, and savings deposits.

  paper currency and coins.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following guarantees the deposits in almost all banks up to a $250,000 limit per account?

  the Federal Reserve

  the FDIC

  the U.S. Treasury

  Bank of America Corporation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The fraction that banks must, by law, hold as reserves against the checking deposits of their customers is called the

  excess reserve requirement.

  vault cash quota.

  required reserve ratio.

  federal deposit insurance premium.

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