Quiz 5-Macroeconomics

Quiz 5-Macroeconomics - Macroeconomics Quiz 5 Name:_ _C_1....

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Macroeconomics Quiz 5 Name:______ _____C____1. Which of the following is not included in M1?
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a. a $5 bill in your wallet b. $100 in your checking account c. $500 in your savings account d. All of the above are included in M1. ______C___ 2. An item that people can use to transfer purchasing power from the present to the future is called a. a medium of exchange. b. a unit of account. c. a store of value. d. None of the above is correct. ____C_____3. At the Federal Reserve, a. the nation’s monetary policy is made by the Federal Open Market Committee, which meets twice a year. b. the nation’s monetary and fiscal policies are made by the Federal Open Market Committee, which meets twice a year. c. the nation’s monetary policy is made by the Federal Open Market Committee, which meets about every six weeks. d. the nation’s monetary and fiscal policies are made by the Federal Open Market Committee, which meets about every six weeks. _____B____4. When the Federal Reserve sells assets from its portfolio to the public with the intent of changing the money supply,
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This note was uploaded on 01/31/2012 for the course ECON 201 taught by Professor Sinha during the Winter '11 term at Post.

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Quiz 5-Macroeconomics - Macroeconomics Quiz 5 Name:_ _C_1....

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