SOCECOL E8 Lecture 4: Probability+Questions.DOC
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9 Nov 2017
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Question 1. Which of the following is not included in M1?
a- currency
b- demand deposits
c- traveller's checks
d- credit cards
b- exactly $200. c- less than $200. d- None of the above are correct. |
b- M2 but not M1. c- M1 and M2. d- neither M1 nor M2. |
b- are a store of value. c- have led to wider use of currency. d- are part of the money supply. |
b- 20 percent. c- 80 per cent. d- 100 per cent. |
b- serves as a medium of exchange but not as a unit of account. c- is commodity money. d- has no intrinsic value. |
b- $125; one explanation for this relatively small average is that U.S. citizens hold a lot of foreign currency. c- $3,700; one explanation for this relatively large amount is that criminals probably prefer currency as a medium of exchange. d- $3,700; one explanation for this relatively large average is that U.S. citizens hold a lot of foreign currency. |
b- it is a medium of exchange. c- it is a unit of account. d- it has intrinsic value. |
b- government bonds are conducted at the New York Fed's trading desk. c- real estate and other real assets are conducted by the Federal Open Market Committee. d- All of the above are correct. |
b- inflation in the long run and employment and production in the long run. c- inflation in the short run and employment and production in the short run. d- inflation in the short run and employment and production in the long run. |