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Money Quiz 9 (20 MCQs)

Quiz Instructions

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1. Dennis notices that jackets are on sale for $ 99. In this case money is functioning as a
2. Why would a government or corporation choose to issue bonds?
3. What agencies insure banks and credit unions?
4. Short term loan designed to take advantage of people with harsh interest rates that YOU SHOULD NEVER USE is called?
5. Currency and coins in circulation + checking deposits + travelers checks:
6. An item that serves as money must be treated as money by all in that economy, i.e. all must agree that iti s a valid form of money
7. Who is in charge of the Federal Reserve?
8. When each worker performs a specific task in production
9. An agreement made today to purchase or sell a commodity in the future for today's price
10. This New Deal program insured the public's deposits to make sure that the bank runs never happened again
11. M1 and M2 makeup all of this in the U.S. economy.
12. Bartering is difficult if high value items cannot be broken up into smaller value items in order to exchange for low value items
13. Which of the following is the main disadvantage of using shells as money instead of coins?
14. Which of the four characteristics of money can be defined as "long-lasting, strong" ?
15. Which of these is a fiat currency used in the colony of Connecticut in 1645?
16. Calculate the LRR, if initial deposits of Rs. 200 crore lead to creation of total deposits of 1600 crore .
17. If I am offered a job by two employers, which role of money helps me decide which offer is the best?
18. One advantage to using a debit card is that it allows the user to
19. Lowest amount which can legally be paid to an employee
20. All of the following are constitutional limits on the power to tax EXCEPT that
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