TRIDENT ECO202 SLP 3/ ECO202 SLP 3 QUIZ

Jun 19th, 2016
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Question Question 1 (2 points) Which of the following is a function of money? Question 1 options: a) Medium of exchange b) Unit of account c) Store of value d) All of the above Question 2 (2 points) The double coincidence of wants is a problem with: Question 2 options: a) Barter b) Money c) Financial internediaries d) None of the above Question 3 (2 points) Which of the following is not a component of M1: Question 3 options: a) Checkable deposits b) Checks c) Currency held by the public d) Demand deposits Question 4 (2 points) Assume that the bank holds no excess reserves and that the required reserve ratio equals 10% of deposits. If a customer deposits $5,000, what would be the total increase in checking account balances throughout all banks? Question 4 options: a) $500,000 b) $500 c) $5,000 d) $50,000 Question 5 (2 points) Financial intermediaries are: Question 5 options: a) The uses of the funds of a bank, including loans and reserves. b) Financial sta

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TRIDENT ECO202 SLP 3 QUIZQuestionQuestion 1 (2 points)Which of the following is a function of money?Question 1 options:a) Medium of exchangeb) Unit of accountc) Store of valued) All of the aboveQuestion 2 (2 points)The double coincidence of wants is a problem with:Question 2 options:a) Barterb) Moneyc) Financial internediariesd) None of the aboveQuestion 3 (2 points)Which of the following is not a component of M1:Question 3 options:a) Checkable depositsb) Checksc) Currency held by the publicd) Demand depositsQuestion 4 (2 points)Assume that the bank holds no excess reserves and that the required reserve ratio equals 10% ofdeposits. If a customer deposits $5,000, what would be the total increase in checking accountbalances throughout all banks?Question 4 options:a) $500,000b) $500c) $5,000d) $50,000Question 5 (2 points)Financial intermediaries are:Question 5 options:a) The uses of the funds of a bank, including loans and reserves.b) Financial statements that contain the sources of funds (liabilities) as well as the uses for thefunds (assets).c) Banks that bring savers and investors together.d) Sources of funds for which the bank is responsibl

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