A catalog reports the price of items in U.S. dollar amounts. This function of money is known as - Correct Answer unit of account
One reason money may not cease to work as a medium of exchange is - Correct Answer it is not accepted for use during hyperinflation
Paper money in circulation i...
one reason money may not cease to work as a medium
paper money in circulation is a debt of the federa
credit cards are considered to be not part of the
Geschreven voor
Econ 211
Econ 211
Verkoper
Volgen
Victoria108
Ontvangen beoordelingen
Voorbeeld van de inhoud
Econ 211 Exam 3 UNL |100% Accurate |
Graded A+
A catalog reports the price of items in U.S. dollar amounts. This function of money is
known as - Correct Answer unit of account
One reason money may not cease to work as a medium of exchange is - Correct
Answer it is not accepted for use during hyperinflation
Paper money in circulation is - Correct Answer a debt of the federal reserve banks
Credit cards are considered to be - Correct Answer not part of the money supply
Use the following to answer the next question: Refer to the table. The size of the M2
money supply is - Correct Answer $7,550 billion (Checkable deposits+currency held by
public+market deposit accounts+small time deposits+money market mutual funds
The federal backing for the money in the United States primarily comes from - Correct
Answer controlling the supply of money to keep the value of money relatively stable
over time
A decrease in the general price level - Correct Answer increase the purchasing power
of money, fewer dollars are needed to purchase goods and services
If the price index rises from 100 to 150, the value of the dollar will - Correct Answer fall
by 33 percent (dollar value= 1/price index, ex: 1/1.5)
The privately owned and publicly controlled central bank whose primary function is
controlling the money supply and interest rates to promote general economic welfare is
known as - Correct Answer The Federal Reserve (12)
Which of the following is one of the 12 Federal Reserve Bank? - Correct Answer San
Francisco (boston, nyc, philadelphia, cleveland, richmond, atlanta, chicago, st. louis,
minneapolis, kansas city, dallas, and san francisco)
The Federal Open Market Committee (FOMC) aids the Board of Governors in - Correct
Answer conducting monetary policy
Which of one of the following is one of the functions of the Fed? - Correct Answer
Serving as a lender of last resort to financial institutions
One of the contributing factors to the financial crisis of 2007 and 2008 was - Correct
Answer underestimating the risk of losses on mortgage-backed securities
Which one of the following would be a recent development for money and banking? -
Correct Answer More consolidation among banks and thrifts
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Victoria108. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €8,50. Je zit daarna nergens aan vast.
