ECO372 Week 4 Practice Money and the Federal Reserve Quiz - SCORE 100 PERCENT - Economics
Suppose that Ava withdraws $300 from her savings account at Second Bank. The reserve requirement facing Second Bank is 10%. Assume the bank does not wish to hold any excess reserves of new deposits.
Use this information to complete the balance sheet below to show how Second Bank's assets and liabilities change when Ava withdraws the $300 from the bank.
Suppose that Ava withdraws $300 from her savings account at Second Bank. The reserve requirement facing Second Bank is 10%. Assume the bank does not wish to hold any excess reserves of new deposits.
Use this information to complete the balance sheet below to show how Second Bank's assets and liabilities change when Ava withdraws the $300 from the bank.
Question 4
Use the following table to determine the levels of M1 and M2 in the United States.
Money Categories in the United States
Asset
Amount (billions of dollars)
Currency
$82
Demand deposits
80
Money market funds
44
Other checkable deposits
37
Savings deposits
460
Small time deposits
22
Traveler's checks
4
Instructions: Enter your answers as a whole number.
a. Calculate the M1 money supply.
b. Calculate the M2 money supply.
Money is:
multiple choice
the gold and silver behind the currency and the coins that are issued by the government.
anything that both buyers and sellers will accept in exchange for goods and services.
only the printed paper currency and the coins that are produced by the government.
any good that buyers and sellers have a desire to purchase, use, or hold.
Question 6
The part of the Federal Reserve that determines and implements the nation's monetary policy and controls the money supply to promote stable prices and economic growth is the:
multiple choice
president of the Board of Governors.
12 Federal Reserve District Banks.
Federal Open Market Committee.
Board of Governors.
Question 7
For each of the following scenarios, determine whether money is being used as a medium of account, store of value, or unit of account.
a. Sam gives the grocery store clerk a $5 bill to pay for his purchase.
multiple choice 1
Unit of account
Store of value
Medium of exchange
b. Bill looks at the $20 price tag on a clock to see how much money he would need to purchase it.
multiple choice 2
Unit of account
Medium of exchange
Store of value
c. Maria writes a check to pay her electric bill.
multiple choice 3
Store of value
Unit of account
Medium of exchange
d. Susan transfers some of her wealth from her checking account into a certificate of deposit that earns interest.
multiple choice 4
Store of value
Unit of account
Medium of exchange
Question 8
The Federal Reserve System consists of which of the following?
Multiple Choice
Federal Deposit Insurance Corporation and Controller of the Currency
Board of Governors and the 12 Federal Reserve Banks
U.S. Treasury Department and Bureau of Engraving and Printing
Federal Open Market Committee and Office of Thrift Supervision
Question 9
Money functions as a store of value if it allows you to
Multiple Choice
make exchanges in a more efficient manner.
delay purchases until you want the goods.
measure the value of goods in a reliable way.
increase your confidence in money.
Question 10
The Federal Reserve System was established by the Federal Reserve Act of
Multiple Choice
1913.
1933.
1955.
1945.
Question 11
The M1 measure of money consists of the sum of
Multiple Choice
currency and travelers' checks.
currency, checking deposits, and savings deposits.
currency, checking deposits, and travelers' checks.
checking deposits and travelers' checks.
Question 12
The M2 measure of money consists of the sum of
Multiple Choice
savings deposits, small time deposits, and money market mutual funds.
M1, savings deposits, small time deposits, and money market mutual funds.
M1, checking and savings deposits, and currency.
currency, checking and savings deposits, and small time deposits.
Question 13
Money is "created" when
Multiple Choice
people use money to pay for stuff they buy from one another.
someone lends money to a friend or a family member.
a depositor deposits money at the bank.
a bank grants a loan to a customer.
Question 14
When a consumer wants to compare the price of one product with another, money is primarily functioning as a
Multiple Choice
unit of account.
checkable deposit.
store of value.
medium of exchange.
Question 15
Which of the following are liabilities to a bank?
Multiple Choice
capital stock and reserves
demand and time deposits
vault cash and demand deposits
property and capital stock
Question 16
The Federal Open Market Committee (FOMC) of the Federal Reserve System is primarily for
Multiple Choice
supervising banks to make sure that markets are open to all and remain competitive.
setting the Fed's monetary policy and directing the purchase and sale of government securities.
issuing currency and acting as the fiscal agent for the federal government.
maintaining cash reserves that can be used to settle international transactions.
Question 17
If you put a $20 bill in the pocket of your winter coat at the beginning of spring so that you will be surprised when you find it again next winter, you are using money as
Multiple Choice
a unit of account.
bank reserves.
a medium of exchange.
a store of value.
Question 18
If the reserve requirement were 15% percent, the value of the monetary multiplier would be
Multiple Choice
7.32.
5.50.
6.67.
8.54.
Question 19
Which definition(s) of the money supply include(s) only items that are directly and immediately usable as a medium of exchange?
Multiple Choice
M2
M1 and M2
neither M1 nor M2
M1
Question 20
Members of the Federal Reserve Board of Governors are
Multiple Choice
appointed by the president to staggered 14-year terms.
appointed by Congress to staggered 14-year terms.
selected by each of the Federal Reserve banks for 4-year terms.
selected by the Federal Open Market Committee for 4-year terms.
Question 21
The Federal Open Market Committee (FOMC)
Multiple Choice
monitors regulatory banking laws for member banks.
sets policy on the sale and purchase of government bonds by the Fed.
follows the actions and operations of financial markets to keep them open and competitive.
provides advice on banking stability to the Fed.
Question 22
Use the following graph to answer the next question.
Which line in the graph would best illustrate the supply of money curve?
Multiple Choice
Line 1
Line 4
Line 3
Line 2
Question 23
Other things being equal, an expansion of commercial bank lending
Multiple Choice
increases the money supply.
changes the composition, but not the size, of the money supply.
is desirable during a period of demand-pull inflation.
reduces the money supply.
Question 24
The required-reserve ratio is equal to a commercial bank’s
Multiple Choice
checkable-deposit liabilities multiplied by its excess reserves.
required reserves divided by its checkable-deposit liabilities.
excess reserves divided by its required reserves.
checkable-deposit liabilities divided by its required reserves.
Question 25
A checkable deposit at a commercial bank is a(n)
Multiple Choice
liability to both the depositor and the bank.
asset to both the depositor and the bank.
liability to the depositor and an asset to the bank.
asset to the depositor and a liability to the bank.
Question 26
The reason for the Fed being set up as an independent agency of government is to
Multiple Choice
make it be managed and controlled by member banks.
let it be able to compete with other financial institutions.
allow it to earn profits like private firms.
protect it from political pressure.
Question 27
The equilibrium rate of interest in the market for money is determined by the intersection of the
Multiple Choice
supply-of-money curve and the transactions-demand-for-money curve.
supply-of-money curve and the asset-demand-for-money curve.
investment-demand curve and the total-demand-for-money curve.
supply-of-money curve and the total-demand-for-money curve.
Question 28
If the reserve requirement is 20% and commercial bankers decide to hold additional excess reserves equal to 5% of any newly acquired checkable deposits, then the effective monetary multiplier for the banking system will be
Multiple Choice
6.
3.
5.
4.
Question 29
The coupon rate is the
Multiple Choice
amount originally lent.
regular payment of interest to a bondholder.
maximum interest rate that can be paid on a bond.
interest rate promised when a bond is issued.
Question 30
Money eliminates the need for a coincidence of wants in trading primarily through its role as a
Multiple Choice
medium of deferred payment.
store of value.
medium of exchange.
unit of account.
Question 31
A bank's required reserves can be calculated by
Multiple Choice
multiplying its checkable-deposit liabilities by the reserve ratio.
multiplying its checkable-deposit liabilities by its excess reserves.
dividing its required reserves by its excess reserves.
dividing its excess reserves by its required reserves.
Question 32
One hundred percent reserve banking refers to a situation in which banks' reserves equal One hundred percent of their
Multiple Choice
income.
deposits.
loans.
profits.
Question 33
Credit card balances are not considered to be money primarily because they
Multiple Choice
are rarely used to make purchases.
do not represent an obligation to pay someone else.
are an asset used in making transactions.
are not part of people's wealth.
Question 34
Fractional reserve banking refers to a system where banks
Multiple Choice
grant loans to their borrowing customers.
accept a portion of their deposits in checkable accounts.
deposit a fraction of their reserves at the central bank.
hold only a fraction of their deposits in their reserves.
Question 35
A bank has $2 million in checkable deposits. In the bank's balance sheet, this would be part of
Multiple Choice
net worth.
liabilities.
assets.
capital stock.
Question 36
drawn against Bank B. What happens to the reserves at Bank A and Bank B?
Multiple Choice
Reserves stay the same in both banks.
increase by $10,000 at Bank A and decrease by $10,000 at Bank B
increase by $50,000 at Bank A and decrease by $50,000 at Bank B
increase by $10,000 at Bank A and decrease by $50,000 at Bank B
Question 37
Assume that the required reserve ratio is 20%. A business deposits a $50,000 check at Bank A; the check is
A wealthy executive is holding money, waiting for a good time to invest in the stock market. This action would be an example of the
Multiple Choice
asset demand for money.
transactions demand for money.
use of money as a medium of exchange.
creation of fiat money.
Question 38
The transactions demand for money is least likely to be a function of the
Multiple Choice
frequency of wage and salary payments.
interest rate.
price level.
level of national income.
Question 39
An increase in nominal GDP will
Multiple Choice
increase the transactions demand for money but decrease the total demand for money.
decrease the transactions demand and the total demand for money.
increase the transactions demand and the total demand for money.
decrease the transactions demand for money but increase the total demand for money.
Question 40
One year before maturity the price of a bond with a principal amount of $1,000 and a coupon rate of 5% paid annually fell to $981. The one year interest rate must be
Multiple Choice
7.0%.
8.5%.
5.0%.
1.9%.
Question 41
A consumer holds money to meet spending needs. This would be an example of the
Multiple Choice
use of money as legal tender.
asset demand for money.
transactions demand for money.
use of money as a measure of value.
Question 42
The main function of the Federal Reserve System is to
Multiple Choice
control the money supply.
set reserve requirements of banks.
serve as the fiscal agent for the federal government.
clear checks from member banks.
Question 43
Which of the following items are included in money supply M2 but not M1?
Multiple Choice
Federal Reserve notes
checkable deposits
coins
savings deposits
Question 44
The functions of money are to serve as a
Multiple Choice
factor of production, exchange, and aggregate supply.
unit of account, a store of value, and a medium of exchange.
resource allocator, a method for accounting, and a means of income distribution.
determinant of consumption, investment, and government spending.
Question 45
A bank’s net worth is equal to its
Multiple Choice
profits plus its assets.
assets minus its liabilities.
liabilities minus its assets.
assets plus its liabilities.
Question 46
Traditionally, the Federal Reserve can give emergency loans only to
Multiple Choice
securities firms.
investment banks.
manufacturing firms.
commercial banks.
Question 47
Which group is responsible for the policy decision of changing the money supply?
Multiple Choice
Federal Open Market Committee
Federal Advisory Council
Office of Management and Budget
Thrift Advisory Council
Question 48
Use the following graph to answer the next question.
Which line in the graph above would best illustrate the asset demand for money curve?
Multiple Choice
Line 2
Line 1
Line 3
Line 4
Question 49
Cash held by a bank in its vault is a part of the bank’s
Multiple Choice
reserves.
money supply.
net worth.
liabilities.
Question 50
If product prices were stated in terms of tobacco leaves, then tobacco leaves would be functioning primarily as
Multiple Choice
legal tender.
a unit of account.
fiat money.
a store of value.
CATEGORIES
Economics
Nursing
Applied Sciences
Psychology
Science
Management
Computer Science
Human Resource Management
Accounting
Information Systems
English
Anatomy
Operations Management
Sociology
Literature
Education
Business & Finance
Marketing
Engineering
Statistics
Biology
Political Science
Reading
History
Financial markets
Philosophy
Mathematics
Law
Criminal
Architecture and Design
Government
Social Science
World history
Chemistry
Humanities
Business Finance
Writing
Programming
Telecommunications Engineering
Geography
Physics
Spanish
ach
e. Embedded Entrepreneurship
f. Three Social Entrepreneurship Models
g. Social-Founder Identity
h. Micros-enterprise Development
Outcomes
Subset 2. Indigenous Entrepreneurship Approaches (Outside of Canada)
a. Indigenous Australian Entrepreneurs Exami
Calculus
(people influence of
others) processes that you perceived occurs in this specific Institution Select one of the forms of stratification highlighted (focus on inter the intersectionalities
of these three) to reflect and analyze the potential ways these (
American history
Pharmacology
Ancient history
. Also
Numerical analysis
Environmental science
Electrical Engineering
Precalculus
Physiology
Civil Engineering
Electronic Engineering
ness Horizons
Algebra
Geology
Physical chemistry
nt
When considering both O
lassrooms
Civil
Probability
ions
Identify a specific consumer product that you or your family have used for quite some time. This might be a branded smartphone (if you have used several versions over the years)
or the court to consider in its deliberations. Locard’s exchange principle argues that during the commission of a crime
Chemical Engineering
Ecology
aragraphs (meaning 25 sentences or more). Your assignment may be more than 5 paragraphs but not less.
INSTRUCTIONS:
To access the FNU Online Library for journals and articles you can go the FNU library link here:
https://www.fnu.edu/library/
In order to
n that draws upon the theoretical reading to explain and contextualize the design choices. Be sure to directly quote or paraphrase the reading
ce to the vaccine. Your campaign must educate and inform the audience on the benefits but also create for safe and open dialogue. A key metric of your campaign will be the direct increase in numbers.
Key outcomes: The approach that you take must be clear
Mechanical Engineering
Organic chemistry
Geometry
nment
Topic
You will need to pick one topic for your project (5 pts)
Literature search
You will need to perform a literature search for your topic
Geophysics
you been involved with a company doing a redesign of business processes
Communication on Customer Relations. Discuss how two-way communication on social media channels impacts businesses both positively and negatively. Provide any personal examples from your experience
od pressure and hypertension via a community-wide intervention that targets the problem across the lifespan (i.e. includes all ages).
Develop a community-wide intervention to reduce elevated blood pressure and hypertension in the State of Alabama that in
in body of the report
Conclusions
References (8 References Minimum)
*** Words count = 2000 words.
*** In-Text Citations and References using Harvard style.
*** In Task section I’ve chose (Economic issues in overseas contracting)"
Electromagnetism
w or quality improvement; it was just all part of good nursing care. The goal for quality improvement is to monitor patient outcomes using statistics for comparison to standards of care for different diseases
e a 1 to 2 slide Microsoft PowerPoint presentation on the different models of case management. Include speaker notes... .....Describe three different models of case management.
visual representations of information. They can include numbers
SSAY
ame workbook for all 3 milestones. You do not need to download a new copy for Milestones 2 or 3. When you submit Milestone 3
pages):
Provide a description of an existing intervention in Canada
making the appropriate buying decisions in an ethical and professional manner.
Topic: Purchasing and Technology
You read about blockchain ledger technology. Now do some additional research out on the Internet and share your URL with the rest of the class
be aware of which features their competitors are opting to include so the product development teams can design similar or enhanced features to attract more of the market. The more unique
low (The Top Health Industry Trends to Watch in 2015) to assist you with this discussion.
https://youtu.be/fRym_jyuBc0
Next year the $2.8 trillion U.S. healthcare industry will finally begin to look and feel more like the rest of the business wo
evidence-based primary care curriculum. Throughout your nurse practitioner program
Vignette
Understanding Gender Fluidity
Providing Inclusive Quality Care
Affirming Clinical Encounters
Conclusion
References
Nurse Practitioner Knowledge
Mechanics
and word limit is unit as a guide only.
The assessment may be re-attempted on two further occasions (maximum three attempts in total). All assessments must be resubmitted 3 days within receiving your unsatisfactory grade. You must clearly indicate “Re-su
Trigonometry
Article writing
Other
5. June 29
After the components sending to the manufacturing house
1. In 1972 the Furman v. Georgia case resulted in a decision that would put action into motion. Furman was originally sentenced to death because of a murder he committed in Georgia but the court debated whether or not this was a violation of his 8th amend
One of the first conflicts that would need to be investigated would be whether the human service professional followed the responsibility to client ethical standard. While developing a relationship with client it is important to clarify that if danger or
Ethical behavior is a critical topic in the workplace because the impact of it can make or break a business
No matter which type of health care organization
With a direct sale
During the pandemic
Computers are being used to monitor the spread of outbreaks in different areas of the world and with this record
3. Furman v. Georgia is a U.S Supreme Court case that resolves around the Eighth Amendments ban on cruel and unsual punishment in death penalty cases. The Furman v. Georgia case was based on Furman being convicted of murder in Georgia. Furman was caught i
One major ethical conflict that may arise in my investigation is the Responsibility to Client in both Standard 3 and Standard 4 of the Ethical Standards for Human Service Professionals (2015). Making sure we do not disclose information without consent ev
4. Identify two examples of real world problems that you have observed in your personal
Summary & Evaluation: Reference & 188. Academic Search Ultimate
Ethics
We can mention at least one example of how the violation of ethical standards can be prevented. Many organizations promote ethical self-regulation by creating moral codes to help direct their business activities
*DDB is used for the first three years
For example
The inbound logistics for William Instrument refer to purchase components from various electronic firms. During the purchase process William need to consider the quality and price of the components. In this case
4. A U.S. Supreme Court case known as Furman v. Georgia (1972) is a landmark case that involved Eighth Amendment’s ban of unusual and cruel punishment in death penalty cases (Furman v. Georgia (1972)
With covid coming into place
In my opinion
with
Not necessarily all home buyers are the same! When you choose to work with we buy ugly houses Baltimore & nationwide USA
The ability to view ourselves from an unbiased perspective allows us to critically assess our personal strengths and weaknesses. This is an important step in the process of finding the right resources for our personal learning style. Ego and pride can be
· By Day 1 of this week
While you must form your answers to the questions below from our assigned reading material
CliftonLarsonAllen LLP (2013)
5 The family dynamic is awkward at first since the most outgoing and straight forward person in the family in Linda
Urien
The most important benefit of my statistical analysis would be the accuracy with which I interpret the data. The greatest obstacle
From a similar but larger point of view
4 In order to get the entire family to come back for another session I would suggest coming in on a day the restaurant is not open
When seeking to identify a patient’s health condition
After viewing the you tube videos on prayer
Your paper must be at least two pages in length (not counting the title and reference pages)
The word assimilate is negative to me. I believe everyone should learn about a country that they are going to live in. It doesnt mean that they have to believe that everything in America is better than where they came from. It means that they care enough
Data collection
Single Subject Chris is a social worker in a geriatric case management program located in a midsize Northeastern town. She has an MSW and is part of a team of case managers that likes to continuously improve on its practice. The team is currently using an
I would start off with Linda on repeating her options for the child and going over what she is feeling with each option. I would want to find out what she is afraid of. I would avoid asking her any “why” questions because I want her to be in the here an
Summarize the advantages and disadvantages of using an Internet site as means of collecting data for psychological research (Comp 2.1) 25.0\% Summarization of the advantages and disadvantages of using an Internet site as means of collecting data for psych
Identify the type of research used in a chosen study
Compose a 1
Optics
effect relationship becomes more difficult—as the researcher cannot enact total control of another person even in an experimental environment. Social workers serve clients in highly complex real-world environments. Clients often implement recommended inte
I think knowing more about you will allow you to be able to choose the right resources
Be 4 pages in length
soft MB-920 dumps review and documentation and high-quality listing pdf MB-920 braindumps also recommended and approved by Microsoft experts. The practical test
g
One thing you will need to do in college is learn how to find and use references. References support your ideas. College-level work must be supported by research. You are expected to do that for this paper. You will research
Elaborate on any potential confounds or ethical concerns while participating in the psychological study 20.0\% Elaboration on any potential confounds or ethical concerns while participating in the psychological study is missing. Elaboration on any potenti
3 The first thing I would do in the family’s first session is develop a genogram of the family to get an idea of all the individuals who play a major role in Linda’s life. After establishing where each member is in relation to the family
A Health in All Policies approach
Note: The requirements outlined below correspond to the grading criteria in the scoring guide. At a minimum
Chen
Read Connecting Communities and Complexity: A Case Study in Creating the Conditions for Transformational Change
Read Reflections on Cultural Humility
Read A Basic Guide to ABCD Community Organizing
Use the bolded black section and sub-section titles below to organize your paper. For each section
Losinski forwarded the article on a priority basis to Mary Scott
Losinksi wanted details on use of the ED at CGH. He asked the administrative resident