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Economics Chapter 17 Test

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3 Written Questions

3 Multiple Choice Questions

  1. An amount of money borrowed for a certain time period
  2. The coins and paper bills used as money in an economy
  3. Seven people appointed by President for a 14 year terms who are responsible for running the Federal Reserve System as a whole

3 True/False Questions

  1. Demand DepositThe total amount of money available for use as a medium of exchange

          

  2. BarteringThe coins and paper bills used as money in an economy

          

  3. RecessionA slowdown in economic activity and production

          

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