Solved by verified expert :70)
What do many economists blame for the
severity of the Great Depression?
A)
The collapse of the banking system
B)
The lack of a definitive money in the U.S. monetary
system
C)
The issuing of an excessively large amount
of currency by the Federal Reserve
D)
The collapse of the electronic funds
transfer system
71)
When economists refer to substitutability
in discussing money, they are referring to
A)
the rate at which households substitute
work for leisure in exchange for money.
B)
the rate at which one country’s currency
can be substituted for another country’s currency.
C)
the ease with which an asset can be
converted into definitive money with no loss of value.
D)
the ease with which currency can be
converted into silver or gold.
72)
A monetary aggregate is a measure of
A)
the inflation rate.
B)
the total economic activity of the
country.
C)
money broader than currency.
D)
definitive money.
73)
The narrowest money measure is
A)
currency plus checking accounts at
commercial banks.
B)
currency plus all checking accounts.
C)
currency plus all deposits at financial
institutions.
D)
definitive money.
74)
Which of the following is the largest
measure of money?
A)
Federal Reserve notes
B)
definitive money
C)
M1
D)
M2
75)
Which of the following is NOT included in M1?
A)
Currency
B)
Savings account deposits
C)
Checking account deposits
D)
Traveler’s checks
76)
All of the following are examples of electronic
funds EXCEPT
A)
credit cards.
B)
debit cards.
C)
stored value cards.
D)
e-cash.
