econ - Title: Quiz 07Ch 29 Started: October 12, 2009 6:57...

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Title: Quiz 07-Ch 29 Started: October 12, 2009 6:57 PM Submitted: October 12, 2009 7:56 PM Time spent: 00:59:15  Total score: 6/10 = 60%   Total score adjusted by 0.0  Maximum possible score: 10  1.   The  double coincidence of wants     Student Response Value Correct Answer Feedback 1.  is required in an  economy that relies on  barter.      2. is required when there  is no item in an  economy that is widely  accepted in exchange  for goods and services.      3. All of the above are  correct.      4. is a hindrance to the  allocation of resources  when it is required for  trade. 0%       Score: 0/2    2.   Given the following information, what are the values of M1 and M2?
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Small time deposits Demand deposits and other checkable deposits Savings deposits Money market mutual funds Travelers' checks Large time deposits Currency Miscellaneous categories in M2   Score: 2/2    3.   Which of the following does the Federal Reserve  not  do?    Score: 2/2 
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  4.   Table 29-6.   Deposits   Refer to Table 29-6 . Assume the Fed’s reserve requirement is 6 percent and that the  Bank of Springfield  makes new loans so as to make its new reserve ratio 6 percent.  From then on, no bank holds any excess  reserves.  Assume also that people hold only deposits and no currency.  Then by what amount does the  economy’s money supply increase?    Score: 0/2    5.   Suppose banks decide to hold more excess reserves relative to deposits. Other things the same, this action will  cause the 
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Score: 2/2  Title: Quiz 08-Ch 30 Started: October 28, 2009 4:44 PM Submitted: October 28, 2009 5:41 PM Time spent: 00:57:21  Total score: 2/10 = 20%   Total score adjusted by 0.0  Maximum possible score: 10  1.  
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This note was uploaded on 06/30/2011 for the course ECON 2200 taught by Professor Muratdoral during the Spring '09 term at Kennesaw.

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econ - Title: Quiz 07Ch 29 Started: October 12, 2009 6:57...

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