Site MapHelpFeedbackQuiz 1
Quiz 1
(See related pages)

1
Which of the following is not part of the U.S. money supply (M1)?
A)coins
B)paper currency
C)checkable deposits
D)time deposits ("CDs")
2
In which country is the U.S. dollar the official currency?
A)Liberia
B)Brazil
C)Bolivia
D)Vietnam
3
The group responsible for setting policy on buying and selling government securities (bills, notes, and bonds) is the:
A)Securities and Exchange Commission
B)U.S. Treasury Board
C)Federal Open Market Committee
D)12 Federal Reserve Bank presidents
4
Other things equal, a dramatic decrease in the money supply would:
A)increase the price level
B)reduce the purchasing power of each dollar
C)increase the purchasing power of each dollar
D)have an ambiguous impact on the purchasing power of each dollar
5
Which of the following is a true statement? Since 1980:
A)the share of financial assets held by banks and thrift institutions has dramatically increased
B)the share of financial assets held by pension funds, insurance and mutual fund companies, and securities firms has dramatically increased
C)the share of financial assets held directly by households has dramatically increased
D)consolidation among thrift institutions makes any statements about financial asset shares meaningless
6
An example of a "Thrift" institution is:
A)Bank of America
B)Fidelity Funds
C)Merrill Lynch
D)Washington Mutual
7
In the U.S. Federal Reserve System:
A)members of the Board of Governors also sit on the Federal Open Market Committee
B)there is a Federal Reserve branch bank located in each state
C)there are 14 regional Federal Reserve banks
D)the vice-chair of the Board of Governors chairs the Federal Open Market Committee
8
Which of the following most accurately describes the status of the U.S. Federal Reserve System?
A)It is a publicly owned and managed agency of the federal government
B)It is privately owned but publicly managed
C)It is owned by a group of large private banks and managed for their profit
D)It is a publicly owned agency of the federal government, managed for profit by private banks
9
Paper money and checkable deposits represent debts.
A)True
B)False
10
The Federal Reserve System was created in:
A)1789 with the adoption of the U.S. Constitution
B)1926 by an executive order of the president
C)1913 through an act of Congress
D)1873 following a meeting of several private bankers





To learn more about the book this website supports, please visit its Information Center.
Copyright (c)2008 McGraw-Hill Education .
Any use is subject to the Terms of Use and Privacy Notice | Report Piracy


McConnell, Macro 17e OLCOnline Learning Center

Home > Chapter 12 > Quiz 1