Question Question 1.1.(TCO 7) If you write a check on a

01 Jun Question Question 1.1.(TCO 7) If you write a check on a

Posted at 02:23h in Essay Writing Services by Past Papers

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Question 1.1.(TCO 7) If you write a check on a bank to purchase a used Honda Civic, you are using money primarily as (Points : 1)

a medium of exchange.
a store of value.
a unit of account.
an economic investment.

Question 2.2.(TCO 7) In the United States, the money supply (M₁) is comprised of (Points : 1)

coins, paper currency, and checkable deposits.
currency, checkable deposits, and Series E bonds.
coins, paper currency, checkable deposits, and credit balances with brokers.
paper currency, coins, gold certificates, and time deposits.

Question 3.3.(TCO 7) Answer the question on the basis of the following list of assets:

1. Large-denominated ($100,000 and more) time deposits
2. Noncheckable savings deposits
3. Currency (coins and paper money) in circulation
4. Small-denominated (less than $100,000) time deposits
5. Stock certificates
6. Checkable deposits
7. Money market deposit accounts
8. Money market mutual fund balances held by individuals
9. Money market mutual fund balances held by businesses
10. Currency held in bank vaults

Refer to the above list. The M₂ definition of money comprises

(Points : 1)

items 2, 3, 4, 6, 7, 8, and 10.
items 3, 4, 5, and 6.
items 2, 3, 4, 6, 7, and 8.
all of the items listed.

Question 4.4.(TCO 7) Assume Company X deposits $100,000 in cash in Commercial Bank A. If no excess reserves exist at the time this deposit is made and the reserve ratio is 20 percent, Bank A, by itself, can initially increase the money supply by a maximum of (Points : 1)

$50,000.
$180,000.
$80,000.
$500,000.

Question 5.5.(TCO 7) The federal funds market is the market in which (Points : 1)

banks borrow from the Federal Reserve Banks.
U.S. securities are bought and sold.

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