The agency responsible for regulating the money supply in the US is

the Comptroller of the Currency

On a bank's T-account, which are part of the banks liabilities?

deposits made by its customers but not reserves

both deposits made by its customers and reserves

reserves but not deposits made by its customers

neither deposits made by its customers nor reserves

In a system of 100% reserve banking,

currency is the only form of money

deposits are bank's only assets

If a bank that desires to hold no excess reserves and has just enough reserves to meet the required reserve ratio of 10% receives a deposit of $400 it has a

$360 increase in excess reserves and a $40 increase in required reserves

$400 increase in excess reserves and no increase in required reserves

$400 increase in required reserves and no increase in excess reserves

$40 increase in excess reserves and a $360 increase in required reserves

When the Fed conducts open-market purchases

it buys treasury securities, which increases the money supply

it buys treasury securities, which decreases the money supply

it borrows money from member banks, which increase the money supply

it lends money to member banks, which decreases the money supply

Which types of economies interact with other economies?

closed economies and open economies

neither closed nor open economies

A country sells more to foreign countries than it buys from them. It has

a trade surplus and positive net exports

a trade surplus and negative net exports

a trade deficit and positive net exports

a trade deficit and negative net exportss

If a country has net exports of $8 billion and sold $40 billion of goods and services abroad, then it has

$40 bil of exports and $32 bil of imports

$48 bil of imports & $40 bil of exports

$48 bil of exports & $40 bil of imports

$40 bil of imports & $32 bil of exports

Tom and Anthony are both U.S. citizens. Tom buys construction machinery from a company in Canada to use for his U.S construction company. Anthony opens a cafe in Portugal. Whose action is an example of U.S. foreign direct investment

Neither Anthony’s nor Tom’s

If a country has Y > C + I + G, then it has

positive net capital outflow and positive net exports

positive net capital outflow and negative net exports

negative net capital outflow and positive net exports.

negative net capital outflow and negative net exports

If a country exports more than it imports, then it has

positive net exports and positive net capital outflows.

positive net exports and negative net capital outflows.

negative net exports and positive net capital outflows.

negative net exports and negative net capital outflows.

U.S. exports are $400 billion, U.S. imports are $900 billion. Which of the following are consistent with the level of net exports?

The U.S. has a trade deficit. The U.S. purchases $300 of foreign assets and foreign countries purchase $800 of U.S. asset.

The U.S has a trade surplus. The U.S. purchases $800 of foreign assets and foreign countries purchase $300 of U.S. assets

The U.S. has a trade surplus. The U.S. purchases $300 of foreign assets and foreign countries purchase $800 of U.S. assets.

The U.S has a trade deficit. The U.S. purchases $800 of foreign assets and foreign countries purchase $300 of U.S. assets.

If a U.S. textbook publishing company sells texts overseas, U.S. net exports

increase, and U.S. net capital outflow increases.

increase, and U.S. net capital outflow decreases

decrease, and U.S. net capital outflow increases.

decrease, and U.S. net capital outflow decreases

If sales of Saudi Arabian oil to the rest of the world increase and Saudis use the proceeds to buy foreign goods, which of the following increases?

neither Saudi Arabian net exports nor net capital outflow

Saudi Arabian net exports but not Saudi Arabian net capital outflow

Saudi Arabian net capital outflow but not Saudi Arabian net exports

both Saudi Arabian net exports and net capital outflow

The nominal exchange rate is the

rate at which a person can trade the currency of one country for another

nominal interest rate in one country divided by the nominal interest rate in the other country.

the ratio of a foreign country’s interest rate to the domestic interest rate.

the real exchange rate minus the inflation rate.

You are the CEO of a U.S. firm considering building a factory in Chile. If the dollar appreciates relative to the Chilean peso, then other things the same

it takes fewer dollars to build the factory. By itself building the factory increases U.S. net capital outflow.

it takes fewer dollars to build the factory. By itself building the factory decreases U.S. net capital outflow.

it takes more dollars to build the factory. By itself building the factory increases U.S. net capital outflow.

it takes more dollars to build the factory. By itself building the factory decreases U.S. net capital outflow.

If you are vacationing in France and the dollar depreciates relative to the euro, then

the dollar buys fewer euros. It will take more dollars to buy a good that costs 50 euros.

the dollar buys more euros. It will take fewer dollars to buy a good that costs 50 euros

the dollar buys more euros. It will take more dollars to buy a good that costs 50 euros.

the dollar buys fewer euros. It will take fewer dollars to buy a good that costs 50 euros

Other things the same, the real exchange rate between U.S. and Belgian goods would be higher if

prices in the U.S. were higher, or the number of euro the dollar purchased were higher

prices in the U.S. were higher, or the number of euro the dollar purchased were lower.

prices in the U.S. were lower, or the number of euro the dollar purchased were higher.

prices in the U.S. were lower, or the number of euro the dollar purchased were lower.

Other things the same, the real exchange rate between American and Mexican goods would be lower if

prices of Mexican goods were higher, or the number of pesos a dollar purchased was lower.

prices of Mexican goods were higher, or the number of pesos a dollar purchased was higher.

prices of Mexican goods were lower, or the number of pesos a dollar purchased was higher.

prices of Mexican goods were lower, or the number of pesos a dollar purchased was lower.

An appreciation of the U.S. real exchange rate induces U.S. consumers to buy

fewer domestic goods and more foreign goods.

fewer domestic goods and fewer foreign goods.

more domestic goods and fewer foreign goods

more domestic goods and more foreign goods

Other things the same, if the U.S. real exchange rate appreciates, U.S. net exports

and U.S. net capital outflow both decrease

increase and U.S. net capital outflow decreases

decrease and U.S. net capital outflow increases.

and U.S. net capital outflow both increase

The law of one price states that

a good must sell at the same price at all locations

a good must sell at the price fixed by law

a good cannot sell for a price greater than the legal price ceiling.

nominal exchange rates will not vary

Purchasing-power parity describes the forces that determine

exchange rates in the long run.

exchange rates in the short run.

If purchasing-power parity holds, a dollar will buy

as many goods in foreign countries as it does in the United States

more goods in foreign countries than in the United States.

fewer goods in foreign countries than it does in the United States.

None of the above is implied by purchasingpower parity

Which of the following does purchasing power parity imply?

The purchasing power of the dollar is the same in the U.S. as in foreign countries.

The price of domestic goods relative to foreign goods cannot change.

The nominal exchange rate is the ratio of U.S. prices to foreign prices

Which of the following does NOT help reduce frictional unemployment ?

Government-run employment agencies

Printing money is finance government expenditures

Is like imposing a tax on everyone who holds money

Causes the value of money to rise

Is the principal method by which the government finances its expenditures

KTVM Quiz

51 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In 2016, 1 liter gas in VN = 25VND. In 2020, 1 liter gas in VN = 14VND. Given the fact that gasoline in Vietnam imported from overseas, the price reduction of gasoline can be reflected in ?

CPI

GDP

Both CPI and GDP

Neither in CPI nor GDP

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

As opposed to a payments system based on barter, a payments system based on money ?

requires a double coincidence of wants

leads to less specialization

makes trades less costly

None of the above is correct

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Money is the most liquid asset available because

it is a store of value

it is a medium of exchange

it is a unit of account

it has intrinsic value

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is a function of money?

a unit of account

a store of value

medium of exchange

all of the above are correct

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which list ranks assets from most to least liquid?

money, bonds, cars, houses

money, cars, houses, bonds

bonds, money, cars, houses

bonds, cars, money, houses

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

M1 includes

currency

demand deposits

traveler's checks

all of the above are correct

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is not included in M1?

currency

demand deposits

traveler's checks

credit cards

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KTVM

In 2016, 1 liter gas in VN = 25VND. In 2020, 1 liter gas in VN = 14VND. Given the fact that gasoline in Vietnam imported from overseas, the price reduction of gasoline can be reflected in ?

As opposed to a payments system based on barter, a payments system based on money ?

Money is the most liquid asset available because

Which of the following is a function of money?

Which list ranks assets from most to least liquid?

M1 includes

Which of the following is not included in M1?

Which of the following items is included in M2?

The agency responsible for regulating the money supply in the US is

On a bank's T-account, which are part of the banks liabilities?

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