Intro to Mcaro Economics Quiz 4 B.docx - Intro to...

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Intro to Macroeconomics Quiz 4 B MULTIPLE CHOICE QUESTIONS – 60 marks 1.Which of the following is not a routine functionof the Central Bank? a)Issuing currency b)Providing for check collection c)Regulating the supply of money d)Collecting tax revenue 2.The purchasing power of the dollar: 3.Which of the following is included in M2 but notM1? 4.M2 includes: 5.Use the following to answer the next question:Refer to the table. The size of the M2 money supplyis: a)$2,950 billion b)$4,850 billion c)$4, 875 billion d)$6,275 billion 6.If a nation's balance on current account ispositive and it has neither a deficit nor surplus inits overall balance of payments: 7.If Nike purchases a shoe production facility inMalaysia, this would be recorded as a: 8.The following table contains hypothetical datafor the U.S. balance of payments in a particularyear. Answer the next question on the basis ofthis information. All figures are in billions ofdollars.Refer to the above data. The balance on financialaccount is a: 9.One implication of widening U.S. trade deficitsis: a)appreciation of the dollar b)reduced U.S. indebtedness to the rest ofthe world c)increased current consumption d)a lower dollar price of oil 10.Use the following diagram to answer the nextquestion:Refer to the diagram: All else equal, a leftward shiftof the supply curve would cause:

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