Eco4223 exam - Study guides, Class notes & Summaries

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ECO4223 Final Exam Questions and Answers 100% Solved If currency held by the public equals $100 billion, reserves held by banks equal $50 billion, and bank deposits equal $500 billion, then the money supply equals: A. 150 billion B. 650 Billion A In a system with fractional-reserve banking: A. All banks must hold reserves equal to a fraction of their loans B. All banks must hold reserves equal to a fraction of their deposits B In a 100% reserve banking system, if a customer deposits ...

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ECO4223 Final Exam Review Questions and Answers 100% Solved Which of the following contributes to GDP? D) Value of all final goods and services. Which of the following is true regarding GDP? A) GDP does not include intermediate goods, which are used to produce other final goods. (Example: Tires used to make a car) If the CPI in 2004 is 200, and in 2005 the CPI is 180, the rate of inflation from 2004 to 2005 is D) -10% If the Nominal GDP in 2001 is $9 trillion, and 2001 real GDP in 199...

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ECO4223 Exam 3 Review