Question

In: Economics

The requirement of a double coincidence of wants is a problem with Question 1 options: fiat...

The requirement of a double coincidence of wants is a problem with

Question 1 options:

fiat money

commodity-backed money

commodity money

a barter system

Question 4 (1 point)

Saved

True or false: the US dollar has always been a fiat currency.

Question 4 options:

True

False

Question 5 (1 point)

Which of the following is an advantage to having a fiat currency?

Question 5 options:

The government can easily increase the money supply

The currency is inherently worth a lot

We can exchange the money for gold

Only fiat currencies are highly liquid

Question 6 (1 point)

True or false: demand deposits belong to M1 and M2.

Question 6 options:

True

False

Question 7 (1 point)

What would the money multiplier be if the reserve ratio is 0.25?

Question 7 options:

4

25

5

1.33

Question 8 (1 point)

What is the Federal Reserve doing when it increases the money supply through open-market operations?

Question 8 options:

reduce the reserve ratio

sell bonds

impose capital requirements

print money

buy bonds

Question 9 (1 point)

Which of the following federal reserve actions would result in an increased money supply?

Question 9 options:

reduce interest paid on reserves at the central bank

impose capital requirements

increase reserve requirements

sell bonds

Question 10 (1 point)

Suppose the reserve ratio is 0.2. If the Fed wants to increase the money supply by $50 million, what should it do in the bond market?

Question 10 options:

sell $50 million in bonds

buy $10 million in bonds

buy $50 million in bonds

sell $250 million in bonds

sell $10 million in bonds

buy $250 million in bonds

Which of the following is an advantage to having a fiat currency?

Question 5 options:

The government can easily increase the money supply

The currency is inherently worth a lot

We can exchange the money for gold

Only fiat currencies are highly liquid

Question 6 (1 point)

True or false: demand deposits belong to M1 and M2.

Question 6 options:

True

False

Solutions

Expert Solution

Rahul Sunny answered 1 year ago
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