What is the basic supply of money in circulation known as?
10.2 Money Supply Quiz

Quiz
•
Social Studies
•
12th Grade
•
Easy
TIMOTHY BALASA
Used 12+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
M2
M1
M3
M0
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following is NOT a component of the basic money supply known as M1?
Currency
Checking accounts
Bonds
Traveler’s checks
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What does currency consist of according to the U.S. Treasury System?
Gold bars and silver coins
Coins issued by the U.S. Treasury and paper money issued by the Federal Reserve System
Cryptocurrencies and digital tokens
Bonds and stocks
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What are checking accounts also known as?
Savings deposits
Demand deposits
Time deposits
Loan accounts
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What can owners of checking accounts do with the funds in their accounts?
Invest in stocks directly from the accounts
Withdraw the funds in currency or write a check to transfer the funds to a third party
Exchange the funds for traveler's checks only
Transfer the funds to cryptocurrency wallets
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the paper money issued by the Federal Reserve System called?
Treasury notes
Federal Reserve notes
Silver certificates
National bank notes
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Who issues traveler's checks?
The U.S. Treasury
A bank
The Federal Reserve
The Stock Exchange
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