Pre-Test Chap 31 e18 - Pre-Test Chap 31 e18 Student: _ 1....

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Pre-Test Chap 31 e18 Student: ___________________________________________________________________________ 1. One of the principal defects of commodity money is that its worth as a: A. Medium of exchange may exceed its worth as a standard of account, causing it to cease being Useful as money B. Unit of account may exceed its worth as a store of value, causing it to cease being useful as money C. Medium of exchange may exceed its worth as a store of value, causing it to cease being useful as money D. Commodity may exceed its worth as money, causing it to cease functioning as a medium of exchange 2. Checkable deposits are: A. Debts of commercial banks and savings institutions B. Debts of the Federal government and government agencies C. Credits of the Federal government and government agencies D. Credits of commercial banks and savings institutions 3. Which would be included in the definition of the money supply? Currency and checkable deposits owned by: A. The Federal Reserve banks B. The U.S. Treasury C. Commercial banks D. The public 4. A recent development in the financial services industry is: A. An increase in the number of banks and thrifts B. Increased integration of world financial markets C. Increased use of coins and currency as a medium of exchange D. A decrease in the financial services and activities of mutual funds 5. Checkable deposits are money because they are: A. Legal tender B. Fiat money C. Acceptable in exchange D. Token money 6. Between 1980s and 2007, banks and thrifts: A. Gained considerable market share relative to other financial institutions B. Lost considerable market share relative to other financial institutions C. Offered unique financial services relative to other financial institutions D. Obtain more control over the Federal Reserve System 7. The twelve Federal Reserve Banks can best be characterized as: A. Central banks, banker's banks, and quasi-public banks B. Regional banks, public banks, and member banks
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This note was uploaded on 05/23/2010 for the course ECON 101 taught by Professor Keep during the Spring '10 term at Glendale Community College.

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Pre-Test Chap 31 e18 - Pre-Test Chap 31 e18 Student: _ 1....

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