Economics Study Set 4
Quiz 25: Money,banks,and the Federal Reserve System
Refer to Scenario 25-1.m2 in This Simple Economy Equals
Refer to Scenario 25-1.M2 in this simple economy equals A) $3,000. B) $8,000. C) $14,000. D) $21,000.
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If households and firms decide to hold less of their money in checking account deposits and more in currency,then the money supply A) will not change. B) will increase. C) will decrease. D) may increase or decrease.
Liquidity increases as we move from the M1 to the M2 definition of the money supply.
The U.S.government makes a profit from issuing fiat money.
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