Ans f pts 1 dif easy nat busprog analytic top what

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Essentials of Economics
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Chapter 21 / Exercise 1
Essentials of Economics
Mankiw
Expert Verified
PTS:1DIF:EasyNAT:BUSPROG: AnalyticTOP:What Makes Money Money?KEY:Bloom's: Comprehension8.Money is said to be liquid because it is immediately available to spend for goods.
PTS:1DIF:ModerateNAT:BUSPROG: AnalyticTOP:What Makes Money Money?KEY:Bloom's: Knowledge9.M1 includes savings accounts.
PTS:1DIF:ModerateNAT:BUSPROG: AnalyticTOP:Money Supply DefinitionsKEY:Bloom's: Knowledge10.M1 is actually a smaller amount than M2.
PTS:1DIF:EasyNAT:BUSPROG: AnalyticTOP:Money Supply DefinitionsKEY:Bloom's: Knowledge11.In the United States, currency in circulation is the largest component of the M1 money supply.
PTS:1DIF:ModerateNAT:BUSPROG: AnalyticTOP:Money Supply DefinitionsKEY:Bloom's: Knowledge12.Unused lines of credit on credit cards are part of M2.
PTS:1DIF:ChallengingNAT:BUSPROG: AnalyticTOP:Money Supply DefinitionsKEY:Bloom's: Analysis13.M2 is actually a smaller amount than M1.
PTS:1DIF:EasyNAT:BUSPROG: AnalyticTOP:Money Supply DefinitionsKEY:Bloom's: Knowledge14.The Federal Reserve's primary function is to control the money supply.
PTS:1DIF:EasyNAT:BUSPROG: AnalyticTOP:The Federal Reserve SystemKEY:Bloom's: Knowledge15.The Federal Reserve System is a branch of the Treasury Department.
PTS:1DIF:EasyNAT:BUSPROG: AnalyticTOP:The Federal Reserve SystemKEY:Bloom's: Knowledge16.The Federal Reserve System was created by act of Congress in 1931 in an effort to end a wave of bankfailures brought on by the Great Depression.
PTS:1DIF:ModerateNAT:BUSPROG: AnalyticTOP:The Federal Reserve SystemKEY:Bloom's: Knowledge
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Essentials of Economics
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Chapter 21 / Exercise 1
Essentials of Economics
Mankiw
Expert Verified
17.The Federal Reserve System was created by an act of Congress in 1933 in an effort to end a wave of bank failures brought on the Great Depression.
PTS:1DIF:ModerateNAT:BUSPROG: AnalyticTOP:The Federal Reserve SystemKEY:Bloom's: Knowledge18.A majority of the commercial banks in the United States are not members of the Fed.
PTS:1DIF:EasyNAT:BUSPROG: AnalyticTOP:The Federal Reserve SystemKEY:Bloom's: Knowledge19.Although the chairman of its Board of Governors is appointed by the Treasury Department, the Fed operates with considerable independence from the executive branch of the government.
PTS:1DIF:ModerateNAT:BUSPROG: AnalyticTOP:The Federal Reserve SystemKEY:Bloom's: Comprehension20.Most commercial banks belong to the Federal Reserve System.
PTS:1DIF:EasyNAT:BUSPROG: AnalyticTOP:The Federal Reserve SystemKEY:Bloom's: Knowledge21.The Federal Funds Committee executes the purchases and sales of government securities decisions of the Federal Reserve.
PTS:1DIF:ModerateNAT:BUSPROG: AnalyticTOP:The Federal Reserve SystemKEY:Bloom's: Comprehension22.Although it has considerable political independence, the Fed is legally a branch of the U.S. Treasury Department.

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