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Money Unit Review Flashcards | StudBud
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Money Unit Review
Money Unit Review
21 terms
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StudBud Administration
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Inflation, Federal Reserve and Unemployment
Flashcards
21 cards
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Practice quiz
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Questions
21
Answers
1
Handles monetary policy
Inflation
FDIC
Federal Reserve
Discount Rate
2
Increasing all prices in a bakery due to an increase in the price of sugar is an example of
push inflation
demand-pull inflation
supply push inflation
cost-push inflation
3
Joe recently lost his job due to market slowdown and competition. What type of unemployment?
structural
frictional
cyclical
seasonal
4
Which of the following is not a characteristic of money?
divisible
durable
portable
appealing
5
What is one weakness of the Consumer Price Index?
assumes everyones market basket is the same
checks in rural areas only
considers the use of substitutes
only checks once a year
6
What banks pay when they borrow money from the Federal Reserve
Interest
Reserve Requirement
Inflation
Discount Rate
7
Cindy recently graduated from college and is currently looking for a job. This is...
cyclical unemployment
structural unemployment
seasonal unemployment
frictional unemployment
8
Price of money
consumer price index
interest
reserve
inflation
9
Buying and selling government bonds and securities
Reserve Requirement
Open Market Operations
Money
Bartering
10
Currency, checking accounts, travelers checks
Monetary Policy
Inflation
Interest
Money
11
This type of inflation is supply related; an increase in production costs drives up prices.
real inflation
cost push inflation
demand pull inflation
nominal inflation
12
Deposits banks must keep in the vault or with the Federal Reserve
Reserve Holdings
Consumer Index
Money in the bank
Reserve Requirement
13
Changing the money supply to affect prices and economic growth
FDIC
Monetary Policy
Interest
Fiscal Policy
14
Sustained rise in the general level of prices
CPI
Inflatable
Interest
Inflation
15
Compares prices in one year with a base year
Interest Rate
Consumer Price Index
Discount Rate
Inflation
16
Who supervises the Federal Reserve?
the president
Board of governors headed by a chairman
congress
the supreme court
17
This type of inflation occurs when total demand for goods rises faster than total output
normative inflation
cost-push inflation
demand-pull inflation
real inflation
18
What function of money is it when Sara decides her car is worth $1,500?
measure of value
store of value
medium of exchange
19
What function of money is it when John stops at Burger King to buy lunch?
medium of exchange
store of value
measure of value
20
Protect depositors' money when banks fail
Open Market Operations
FDIC
Interest
Federal Reserve
21
The Federal Reserve is in charge of which policy?
monetary
budgetary
educational
fiscal
