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Money And Monetary Policy
Test Description: Chapter 11-15 final exam review
Instructions: Answer all questions to get your test result.
1) What is commodity money?
A
dollar bills
B
furniture
C
credit cards
D
gold
2) What do shells, coins, and dollar bills represent?
A
specie, fiat money, currency
B
wampum,specie,fiat money
C
specie, wampum, currency
D
fiat money, currency, wampum
3) How do we keep money's value?
A
more distribution of money
B
stop printing money
C
inflation
D
PADDUL
4) What has been happening to the US dollar?
A
has been rising
B
has been steady
C
has not moved
D
has been decresing
5) Dollar value of all final goods produced within a nations border in one year is?
A
FDIC
B
Supply
C
demand
D
GDP
6) Business cycle is?
A
GDP
B
left and right of GDP
C
up and down of GDP
D
peak of GDP
7) The order of business cycle is?
A
expansion, trough, peak, recession
B
trough, expansion, recession, peak
C
trough, expansion, peak, recession
D
expansion, trough, recession, peak
8) Six months in real GDP is down for?
A
contraction
B
business cycle
C
recession
D
expansion
9) What are tools of monetary policy?
A
reserve requirement
B
discount rate
C
inflation gap
D
open market operations
10) Why was the FDIC established?
A
to speed up the economy
B
to slow down the economy
C
to give money
D
to trust banks
*select an answer for all questions
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