Econ Chapter 31 Questions
The total demand for money curve will shift to the right as a result of
an increase in the nominal GDP
Checkable deposits are:
included in M1 and M2
Which of the following is not part of the M2 money supply
large ($100,000 or more) time deposits
The transactions demand for money is most closely related to money functioning as a:
medium of exchange
If you place a part of your summer earnings in a savings account, you are using money primarily as a:
store of value
If you are estimating your total expenses for school next semester, you are using money primarily as:
unit of account
Stock market price quotations best exemplify money serving as a:
unit of account
The opportunity cost of holding money
varies directly with the interest rate
The group that sets the Federal Reserve Systems policy on buying and selling government securities (bills, notes, and bonds) is the:
Federal Open Market Committee (FOMC)
The paper money used in the United States is:
Federal Reserve Notes