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5 Written questions

5 Matching questions

  1. Almost all Internet purchases are paid for by:
  2. Use the following balance sheet for Bank of the Universe, which is one of many banks in a banking system.
    Table 13.2—Bank of the Universe Balance Sheet
    SAME VALUES AS ABOVE

    Refer to Table 13.2. With a required reserve ratio of 10 percent, Bank of the Universe can make new loans in the amount of:
  3. Money is functioning as a store of value if you
  4. Refer to Table 13.2. With a required reserve ratio of 12 percent, Bank of the Universe would have excess reserves of:
  5. When a bank makes a loan:
  1. a It creates a transactions-account balance for the borrower
  2. b Credit card
  3. c $30,000
  4. d Put it in a savings account so you can buy a new car next summer
  5. e $50,000

5 Multiple choice questions

  1. Total reserves minus required reserves
  2. The decision by the Federal Reserve to reduce the minimum reserve requirement
  3. $30,000
  4. It transfers money from spenders to savers
  5. Eggs

5 True/False questions

  1. If excess reserves are $50,000, demand deposits are $1,000,000 and the minimum reserve requirement is 5 percent, then total reserves are:$100,000

          

  2. Which of the following is not part of M1 but is included in "near money" according to the text?It is backed by gold or silver

          

  3. The term fractional reserves refers toBank reserves to total transaction deposits

          

  4. Which of the following is not an essential characteristic of moneyIt is backed by gold or silver

          

  5. One HEADLINE article in the text is titled "Goods Replace Rubles in Russia's Vast Web of Trade". According to this article, the Russian currency:Is falling in value