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Pre-Test Chapter 12 ed17-1 - Pre-Test Chapter 12 ed17...

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Pre-Test Chapter 12 ed17 Multiple Choice Questions 1. A $20 bill is a: A. gold certificate. B. Treasury note. C. Treasury bill. D. Federal Reserve Note. 2. Which of the following is not part of the M 2 money supply? A. money market mutual fund balances B. money market deposit accounts C. currency D. large ($100,000 or more) time deposits 3. The Federal Deposit Insurance Corporation (FDIC) insures deposits up to $100,000 in: 4. Large time deposits of $100,000 or more are: 5. The largest component of the money supply ( M 1) is: 6. In the United States, the money supply ( M 1) is comprised of: A. coins, paper currency, and checkable deposits. B. currency, checkable deposits, and Series E bonds. C. coins, paper currency, checkable deposits, and credit balances with brokers. D. paper currency, coins, gold certificates, and time deposits.
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7. Checkable deposits are classified as money because:
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