Please help me on following Multiple choice questions

 

All these question may have more than one answer!

 

Question 1

Check each of the following characteristics of money.

gets its value from its purchasing power

is anything backed by gold

can only be created by the Federal Reserve

can be divided into M1 and M2 based on liquidity

 

Question 5

Check each of the following functions of the Federal Reserve.

serves as a lender of first resort

manages member banks

conducts monetary policy

serves as the US government's bank

 

Question 8

Check each of the following that applies to the Federal Reserve.

has no presidential or congressional oversight

quasi-private and quasi-public

the FOMC has 12 members: 7 Board of Governors, 4 rotating district bank presidents, and the Dallas president

the FOMC is responsible for conducting open-market operations

 

Question 19

Check each of the following that are disadvantages of monetary policy.

the Fed is more effective at controlling inflation that stimulating growth out of a recession

contractionary monetary policy can help the government crowd out the private sector by increasing interest rates

Fed policy can have an unequal impact across industries, such as construction.

The Fed is not effective at controlling the velocity of money

 

Question 21

Check each of the following that applies to the bank bailout in 2008.

it followed the stock market boom earlier that year

it was called "TARP", the Troubled Asset Relief Program.

it was an example of fiscal policy set by Congress and President Bush

it was an example of monetary policy by the Federal reserve

it can be argued that it helped stop further bank collapses

it was President Bush's first inclination as to how to respond to the banking crisis

 

Question 24

Check each of the following tools of the Federal Reserve.

decreases the reserve ratio in recessions

decreases interest rates in recession

sells securities in recessions

decreases tax rates in recessions

 

Question 25

If an initial new deposit is $2000 and the required reserve ratio is 5 percent, or 1/20, the total new money that can be created by the

cycle of new loans is $ ___.

 

Question 29

Check each of the following regarding the Fed's response to the financial crisis in 2008.

lowered interest rates

QE1

QE2

QE3

QE4

lowered taxes

 

Question 31

Check each of the following tools of the Federal Reserve.

increase taxes

change interest rates

change the reserve ratio

conduct open-market operations

change gov't spending

 

Question 36

Check each of the following that are related to an "easy" money policy.

lower interest rates

dollar appreciates

exports from the US increase

lower interest rates discourage Americans from spending money in the US

Lower interest rates discourage foreigners from investing in America

 

Question 37

Check each of the following characteristics of money.

can be created "out of thin air" by banks

M1 includes currency and checkable deposits

M2 includes M1 plus money market mutual funds and small time deposits

is created when banks make loans

 

Question 46

Steven Manley deposits $98,756 (chump change for him) of cash into a CD at his local bank. Check each of the following that apply.

M1 does not change

M2 does not change

M1 decreases

M2 decreases

 

Question 47

Check each of the following that applies to the Federal Reserve.

Established in 1913 during the Hoover administration

has a Board of Governors consisting of 7 members

each member of the Board serves 14 year staggered terms

each member of the Board is nominated by President and confirmed by the Senate

the Board of Governors is responsible for conducting open-market operations

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Status NEW Posted 17 May 2017 08:05 AM My Price 15.00

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