ECO 561 Chapter 8 Quiz

ECO 561 Chapter 8 Quiz

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Question 1

The direct exchange of goods and services for other goods and services is

Question 2

An item used as money that also has intrinsic value in some other use is

Question 3

The equation for M2 is

Question 4

A loan made by a bank is considered ________ of that bank.

Question 5

Bank One has $100 million in reserves. Bank One is meeting its reserve requirement and has no excess reserves. The required reserve ratio is 20%. Bank One's demand deposits are

Question 6

Banks can create money

Question 7

Assume that banks become more conservative in their lending policies, and start holding some excess reserves. Compared to a situation in which banks are not holding excess reserves, the size of the money multiplier will be

Question 8

The interest rate banks pay to borrow money from the Fed is the