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5 Written questions

5 Matching questions

  1. Which of the following is not a function performed by banks?
  2. Banks do all of the following except:
  3. Money is functioning as a medium of exchange when you:
  4. The assets held by a bank to fulfill its deposit obligations are known as
  5. The total quantity of output demanded at alternative price levels in a given time period, ceteris paribus is the definition of:
  1. a Determining fiscal policy
  2. b Aggregate demand
  3. c Purchase stock
  4. d Buy lunch at a fast food restaurant for yourself and your friend
  5. e Bank reserves

5 Multiple choice questions

  1. Savings accounts
  2. Make new loans
  3. Total reserves minus required reserves
  4. $280,000
  5. $50,000

5 True/False questions

  1. Which of the following has not served as a form of money for the United StatesEggs


  2. Refer to Table 13.2. With a required reserve ratio of 12 percent, Bank of the Universe would have excess reserves of:$30,000


  3. The reserve ratio is the ratio of:Total reserves minus required reserves


  4. Suppose the entire banking system has $10 million in excess reserves and a required reserve ratio of 5 percent. The deposit-creation potential of the banking system is:$500 million


  5. The basic money supply includesCurrency, transactions accounts and traveler's checks


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