Macro Summer 2010 HW_9 student version

Macro Summer 2010 HW_9 student version - macro/hw9 Chapter...

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macro/ hw 9 Chapter 9 1. Money eliminates the need for a coincidence of wants primarily through its use as a: A. Unit of account B. Medium of exchange C. Store of value D. Standard of confidence 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. Paper money in the United States comes in the form of: A. U.S. Treasury bills B. U.S. Treasury bonds C. Federal legal tender D. Federal Reserve Notes 4. Which of the following would be considered to be the most liquid? A. Checkable deposits B. Small time deposits C. Money market mutual funds D. Savings deposits Use the following table to answer the next question(s) about the money supply given the following hypothetical data for an economy. 5. Refer to the above table. The size of the M 1 money supply is: A. $1,940 B. $2,080 C. $2,220 D. $2,730 6. Refer to the above table. The size of the M 2 money supply is: A. $3,730 B. $3,980 C. $4,330 D. $4,470
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7. Stock market price quotations best exemplify money serving as a: A. store of value. B.
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This note was uploaded on 08/02/2011 for the course ECON 2305 taught by Professor Wunder during the Spring '08 term at UT Arlington.

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Macro Summer 2010 HW_9 student version - macro/hw9 Chapter...

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