Quiz 8_Chapter 14_Sample.docx

Quiz 8_Chapter 14_Sample.docx - University of Arkansas Econ...

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University of Arkansas Econ 2013: Principles of Macroeconomics (Online) Quiz 8: Sample 1) Paper currency is a A) commodity money. B) fiat money. C) barter money. D) bond. Answer: B 2) If a person takes $100 from his/her piggy bank at home and puts it in his/her savings account, then M1 will ________ and M2 will ________. A) increase; increase B) not change; increase C) decrease; increase D) decrease; not change E) increase; decrease Answer: D 3) If the required reserve ratio is 10 percent, an increase in bank reserves of $1,000 can support an increase in checking account deposits (including the original deposit) in the banking system as a whole of up to A) $100.
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