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WorksheetsFall 2016 Macro-Ch 11-Money and Banking Syst
Total questions: 10
Worksheet time: 4mins
Name
Class
Date
1.
Which of these is not a function of money
a)
Medium of exchange
b)
Store of value
c)
Means of deferred payment
d)
Perishability
2.
Currency is
a)
Only notes
b)
Notes and coins
c)
Only coins
3.
Credit card is money
a)
True
b)
False
4.
Canada currently uses the gold standard
a)
True
b)
False
5.
Money multiplier is given by
a)
Desired reserve - excess reserve
b)
1/ desired reserve ratio
c)
1/assets
d)
1/liabilities
6.
A 30-year bond is a more LIQUID asset compared to a 6-month treasury bill
a)
True
b)
False
7.
A savings account is more LIQUID than a residential real estate
a)
True
b)
False
8.
Which of the following is a commonly used measure of money supply in Canada
a)
M100
b)
M2
c)
M1
d)
M10
9.
If the desired reserve ratio is 2%, then the money multiplier is
a)
50
b)
5
c)
500
d)
None of the above
10.
Money is backed by our faith that others will accept it from us in exchange for goods and services
a)
True
b)
False
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