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Money and the FED Flashcards | StudBud
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Money and the FED
Money and the FED
20 terms
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1
Which of the following is NOT a function of money?
store of value
measure of value
object of value
medium of exchange
2
Sum of income earned by all businesses in the US in one year...
DI
PI
NI
GDP
3
Which of the following is NOT true about commercial banks?
are banks for consumers
are corporations
are a part of the Federal government
are insured by the FDIC
4
Based on available resources, the best rate of growth for the U.S. is...
6%
3%
4%
5%
5
The prime rate is the rate...
businesses and consumers pay
the rate other nations pay to borrow from the FED
the rate commercial banks pay to borrow from the FED
the rate Bill Gates pays to borrow from the FED
6
Which of the following is NOT true about Federal Reserve Banks?
are banks for commercial banks
are banks for the Federal government
are banks for consumers
site for the Reserve Fund
7
Monetary Policy includes
manipulating the margin
all of these
selling/buying T bonds
manipulating the discount rate
8
income available for spending after taxes
NI
GNP
DI
PI
9
A balanced money supply is the responsibility of...
all of these
FED
President
Congress
10
The most powerful part of the FED is
Federal Open Market Comm.
Board of Governors
Federal Reserve Banks
Federal Advisory Comm.
11
$ value of final product produced by US companies in the US is...
GDP
GNP
NI
PI
12
Business cycles...
include upswings and downswings
are based on a norm of averaged GDP
all of these
are predictable
13
Which of the following monetary systems gives government discretion over spending and debt?
fiat system
commodity money
barter
commodity backed money
14
excessive demand occurs...
between prosperity and recession
between recovery and prosperity
between recession and depression
between depression and recovery
15
The labor force does not include...
those 16 or younger
those who are retired
those who choose not to work
all of these
16
The discount rate is...
the rate consumers pay to borrow from commercial banks
the rate commercial banks pay to borrow money from the FED
the rate businesses pay to borrow from commercial banks
the rate rate the federal gov't pays to borrow from the FED
17
New jobs are being rapidly created in which category?
unskilled
professional
semi skilled
skilled
18
The government agency who reports employment data and economic indicators is...
Bureau of Labor Statistics
Securities Exchange Commission
Small Business Administration
Bureau of Data Reporting
19
Which of these affect aggregate demand?
consumer confidence
all of these
war
monetary/fiscal policy
20
An increase in the real GDP or GNP per capita (annually) is...
inflation
cause for concern
recession
economic growth
