ECN 220 ECN220 Week 6 Quiz Answers (Grand Canyon University)

ECN 220 ECN220 Week 6 Quiz Answers (Grand Canyon University)

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ECN 220 ECN220 Week 6 Quiz

  1. Money is functioning as a standard of value when you:
  2. Which of the following is not included in the narrowest definition of the money supply?
  3. Suppose Oscar withdraws $100 from his checking account and deposits it into his savings account. This transaction causes M1 to:
  4. Deposit creation occurs when:
  5. The term fractional reserves refers to:
  6. Suppose a bank has $2 million in deposits, a required reserve ratio of 10 percent, and total reserves of $500,000. Then it has excess reserves of:
  7. The Federal Reserve holds deposits from:
  8. Members of the Federal Reserve Board of Governors are appointed for one 14-year term so that they:
  9. Which of the following is responsible for buying and selling of government securities to influence reserves in the banking system?
  10. All of the following are tools available to the Fed for controlling the money supply except:

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