Econ 101 Exam 6 actual, attempt 1.docx - ECON101_MH_V3Topic 10 The Business Cycle Started on State Wednesday 11:35 AM Finished Completed on Wednesday

Econ 101 Exam 6 actual, attempt 1.docx - ECON101_MH_V3Topic...

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ECON101_MH_V3Topic 10: The Business Cycle Started on Wednesday, January 22, 2020, 11:35 AM State Finished Completed on Wednesday, January 22, 2020, 11:45 AM Time taken 10 mins 27 secs Grade 55.00 out of 55.00 (100%) Question 1 Correct 2.75 points out of 2.75 Not flaggedFlag question Question text The direct trade of goods and services for other goods and services is called: Select one: a. financial intermediation. b. diversification. c. barter. Correct d. using a medium of exchange. Feedback The correct answer is: barter. Question 2 Correct 2.75 points out of 2.75 Not flaggedFlag question Question text
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The M2 measure of money consists of the sum of: Select one: a. savings deposits, small time deposits, and money market mutual funds. b. currency, checking and savings deposits, and small time deposits. c. currency, checking and savings deposits. d. M1, savings deposits, small time deposits, and money market mutual funds. Correct Feedback The correct answer is: M1, savings deposits, small time deposits, and money market mutual funds. Question 3 Correct 2.75 points out of 2.75 Not flaggedFlag question Question text If the money supply equals 2,000, velocity equals 3, and real GDP equals 4,000, then the price level equals: Select one: a. 1.5. Correct b. 2. c. 3. d. 6,000. Feedback The correct answer is: 1.5. Question 4 Correct
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2.75 points out of 2.75 Not flaggedFlag question Question text Banks hold reserves: Select one: a. to earn interest. b. to increase profits. c. only because the government requires them to hold reserves. d. to meet depositor withdrawals and payments. Correct Feedback The correct answer is: to meet depositor withdrawals and payments. Question 5 Correct 2.75 points out of 2.75 Not flaggedFlag question Question text If bank reserves are 200, the public holds 400 in currency, and the desired reserve/deposit ratio is 0.25, the deposits are ______ and the money supply is _____.
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