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ECN 460 Exam 1 - Practice Questions And Answers Latest Update $14.99   Add to cart

Exam (elaborations)

ECN 460 Exam 1 - Practice Questions And Answers Latest Update

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ECN 460 Exam 1 - Practice Questions And Answers Latest Update

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  • October 30, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (6)
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Schoolflix
Solution 2024/2025
Pepper

ECN 460 Exam 1 - Practice Questions And
Answers Latest Update

T or F: Monday is anything that is generally accepted in payment for goods
or services or in the repayment of debt ANS✔✔ True



T or F: Bitcoin is not considered money in the general economy because it
does not satisfy the "unit of account" and "store of value" money functions
ANS✔✔ True



T or F: Savings deposit is not included in the measure of M1 ANS✔✔ True



T or F: Money is the most liquid store of value in the economy ANS✔✔ True



T or F: Financing persistent budget deficits by money creation leads to
sustained inflation ANS✔✔ True



T or F: Assets such as TIPS, gold, and real estate are used as inflation
hedges ANS✔✔ True



T or F: When real income decreases, the demand for real money balances
decreases ANS✔✔ True



T or F: Payment innovation systems like Paypal impact M1 and M2 levels
ANS✔✔ False

, Solution 2024/2025
Pepper
T or F: T-bills and US savings bonds are components of M2 ANS✔✔ False



T or F: the only inflation measure the Federal Reserve is concerned with is
the PCE ANS✔✔ True



T or F: Last year, compared to the rest of the world the U.S. had the highest
levels of inflation ANS✔✔ False



T or F: QTM is based on 3 theories: Fisher perspective today ANS✔✔ False



T or F: Money policy still relies on the Fisher perspective today ANS✔✔ False



T or F: According to Keynesian perspective there are five motives for
holding money ANS✔✔ False



T or F: Theory of Portfolio choice focuses on how much of an asset people
want to hold in there portfolios ANS✔✔ True



T or F: Of the four factors (LIRE) influencing the demand for money wealth
and risk of other assets has a positive relationship with money demand
ANS✔✔ True



T or F: Together the liquidity and portfolio choice theories has given us 8
factors diving the demand for money ANS✔✔ True



T or F: Dr. Carbon said the US is definitely headed for a recession by the end
of the year ANS✔✔ False

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