Trident Eco202 Slp 3/ 3 Quiz Question 1 2 Points Which Of The

Question 1 (2 points)
Which of the following is a function of money?
Question 1 options:
a) Medium of exchange
b) Unit of account
c) Store of value
d) All of the above
Question 2 (2 points)
The double coincidence of wants is a problem with:
Question 2 options:
a) Barter
b) Money
c) Financial internediaries
d) None of the above
Question 3 (2 points)
Which of the following is not a component of M1:
Question 3 options:
a) Checkable deposits
b) Checks
c) Currency held by the public
d) Demand deposits
Question 4 (2 points)
Assume that the bank holds no excess reserves and that the required reserve ratio equals 10% of deposits. If a customer deposits $5,000, what would be the total increase in checking account balances throughout all banks?
Question 4 options:
a) $500,000
b) $500
c) $5,000
d) $50,000
Question 5 (2 points)
Financial intermediaries are:
Question 5 options:
a) The uses of the funds of a bank, including loans and reserves.
b) Financial statements that contain the sources of funds (liabilities) as well as the uses for the funds (assets).
c) Banks that bring savers and investors together.
d) Sources of funds for which the bank is responsible, including deposits. Your bank owes you the value of your checking account.
Question 6 (2 points)
What are open market operations?
Question 6 options:
a) The Fed’s buying and selling of stock
b) The Fed’s buying and selling of government securities
c) The Fed’s buying and selling of goods and services
d) All of the above
Question 7 (2 points)
The uses of the funds of a bank, including loans and reserves describe:
Question 7 options:
a) Assets
b) Financial intermediaries
c) Liabilities
d) A bank’s balance sheet
Question 8 (2 points)
When one individual writes a check to another and the other person deposits the check in the bank then the:
Question 8 options:
a) money supply increases.
b) money supply decreases.
c) money supply does not change.
d) None of the above
Question 9 (2 points)
Which of the following are liabilities for a bank?
Question 9 options:
a) Reserves
b) Loans
c) Deposits
d) None of the above
Question 10 (2 points)
Suppose Johnny deposits $1,000 in a bank and the reserve ratio is 20% of deposits, which of the following would occur?
Question 10 options:
a) The bank can loan $1,000 to another customer.
b) The bank can loan $800 to another customer.
c) The bank can loan $200 to another customer.
d) The bank has to keep all of Johnny’s deposit in the bank.
Question 11 (2 points)
Lower reserve requirements allow banks to lend a lower proportion of deposits.
Question 11 options:
a) True
b) False
Question 12 (2 points)
M2 is larger than M1.
Question 12 options:
a) True
b) False
Question 13 (2 points)
Money holds its value during times of inflation, making it a perfect store of value.
Question 13 options:
a) True
b) False
Question 14 (2 points)
The Discount rate is the interest rate at which banks can borrow reserves from the Fed.
Question 14 options:
a) True
b) False
Question 15 (2 points)
The net worth of a bank is assets minus liabilities.
Question 15 options:
a) True
b) False

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