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ECON 102 Quiz 4

ECON 102 Quiz 4

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100.0/ 100.0 Points

 
Question 1 of 10

10.0/ 10.0 Points

The supply of money in the U.S. economy is determined primarily by
 
 
 
A.decisions made by the Federal Reserve and the U.S. Treasury.

 
 
B.the actions of the Federal Reserve and the banking system.

 
 
C.consumers and the banking system.

 
 
D.the demand for money in the economy.

 
 

Question 2 of 10

10.0/ 10.0 Points

One of the essential functions that a bank performs is
 
 
 
A.purchasing government bonds.

 
 
B.creating deposits by lending required reserves.

 
 
C.transferring money from savers to lenders.

 
 
D.owning assets like real estate.

 
 

Question 3 of 10

10.0/ 10.0 Points

At lower interest rates the
 
 
 
A.money supply is indeterminate.

 
 
B.money supply is lower.

 
 
C.quantity of money demanded is higher.

 
 
D.quantity of money demanded is lower.

 
 

Question 4 of 10

10.0/ 10.0 Points

From time to time, the Federal Reserve buys back government bonds from the private sector through a process called
 
 
 
A.bond recall procedures.

 
 
B.open market purchases.

 
 
C.backflip bond investments.

 
 
D.voluntary redemption procedures

 
 

Question 5 of 10

10.0/ 10.0 Points

Selling government bonds through open market operations allows the Federal Reserve to
 
 
 
A.decrease money in the treasury.

 
 
B.decrease the money supply in the private sector.

 
 
C.receive discounts on future sales.

 
 
D.receive a high rate of interest on the bonds.


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