Money And Monetary Policy: Question Preview (ID: 19824)

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What is commodity money?
a) furniture b) credit cards c) gold d) dollar bills
What do shells, coins, and dollar bills represent?
a) specie, wampum, currency b) wampum,specie,fiat money c) specie, fiat money, currency d) fiat money, currency, wampum
How do we keep money's value?
a) more distribution of money b) inflation c) stop printing money d) PADDUL
What has been happening to the US dollar?
a) has been rising b) has been decresing c) has been steady d) has not moved
Dollar value of all final goods produced within a nations border in one year is?
a) Supply b) FDIC c) GDP d) demand
Business cycle is?
a) GDP b) up and down of GDP c) left and right of GDP d) peak of GDP
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
Six months in real GDP is down for?
a) business cycle b) expansion c) recession d) contraction
What are tools of monetary policy?
a) inflation gap b) reserve requirement c) open market operations d) discount rate
Why was the FDIC established?
a) to speed up the economy b) to slow down the economy c) to trust banks d) to give money
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