Money And Banking Quiz 36 (20 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. A commercial bank has two conflicting goals;
2. If a central bank significantly increases its sales of government bonds, it is most likely responding to which of the following?
3. The ability to be used as, or easily converted into, cash is called
4. The demand for money consists of
5. When you pay for a new CD with a debit card, you authorize the transfer of money from your account to the music store's account. In other words, a payment by debit card is the electronic form of a payment by
6. Memphis is in which Federal Reserve district?
7. Money, property, and other goods that have value.
8. An essential function for banks is creating money by
9. Bradley digs out $ 50 from his cookie jar and deposits it in his checking account. The immediate result of this transaction is that M1 has
10. Which of the following changes would cause an increase in the equilibrium nominal interest rate?
11. Bartering requires that the seller and the buyer want what the other has for exchange, otherwise the transaction cannot take place
12. Supply-side policies aim to ..... .
13. Which financial product has the most predictable income?
14. Unit of Account:
15. Which of these is an example of M1?
16. In the United States, the dollar is
17. What is the term for a business in which none of the co-owners is responsible for the debts or mistakes of the others?
18. A stock that signifies partial ownership of a company
19. In fractional reserve banking .....
20. Borrowing money to make risky investments while hoping to make a large return