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)

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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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