# Quiz 7 4 - Blackboard Learning System 1:03 AM Your location Assessments View All Submissions View Attempt View Attempt 1 of 3 Title Started

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12/11/08 1:03 AM Blackboard Learning System Page 1 of 6 http://webct.csmd.edu/webct/cobaltMainFrame.dowebct View Attempt 1 of 3 Title: Lesson 7 Quiz (Required for course grade) Started: December 11, 2008 12:24 AM Submitted: December 11, 2008 1:02 AM Time spent: 00:37:41 Total score: 70/100 = 70% Total score adjusted by 0.0 Maximum possible score: 100 Done 1. The transactions demand for money is most closely related to money functioning as a: Student Response Value Correct Answer Feedback A. unit of account. B. medium of exchange. 100% C. store of value. D. measure of value. Score: 10/10 Comments: 2. The asset demand for money is most closely related to money functioning as a: Student Response Value Correct Answer Feedback A. unit of account. B. medium of exchange. C. store of value. 100% D. measure of value. Score: 10/10 Comments: 3. Answer the next question(s) on the basis of the following information about a banking system: new currency deposited in the system = \$40 billion; legal reserve ratio = 0.20; excess reserves prior to the currency deposit = \$0. Refer to the above information. The \$40 billion deposit of currency into checking accounts will create excess

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## This note was uploaded on 02/25/2009 for the course ACC 101 taught by Professor Fried during the Spring '09 term at Coastline Community College.

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Quiz 7 4 - Blackboard Learning System 1:03 AM Your location Assessments View All Submissions View Attempt View Attempt 1 of 3 Title Started

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