MCQ Questions
Q.1.
Juanita is a physician who has decided to relocate to California to be closer to her family. She is currently interviewing with several prestigious hospitals in the San Francisco Bay Area.
  • 0%
    Store of Value
  • 0%
    Structural
  • 0%
    Frictional
  • 0%
    Sell government bonds
Q.2.
why, in the real world, the Fed cannot precisely control the money supply?
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    The Fed cannot control the amount of money that households choose to hold as currency.The Fed cannot control whether and to what extent banks hold excess reserves.
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    Its intended goal is to protect the interests of the depositors.
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    Members of the Board of Governors are appointed for 14-year terms.
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    Open Market Operations
Q.3.
Gilberto recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work.
  • 0%
    Store of Value
  • 0%
    Frictional
  • 0%
    Sell government bonds
  • 0%
    Structural
Q.4.
Eric has $20000 in a money market account
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    Surplus and so increase unemployment
  • 0%
    Members of the Board of Governors are appointed for 14-year terms.
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    M2
  • 0%
    M1 and M2
Q.5.
Jim has $1200 in a checking account
  • 0%
    M1 and M2
  • 0%
    M2
  • 0%
    Surplus and so increase unemployment
  • 0%
    Open Market Operations
Q.6.
U-4
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    Its intended goal is to protect the interests of the depositors.
  • 0%
    Members of the Board of Governors are appointed for 14-year terms.
  • 0%
    Surplus and so increase unemployment
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    100x Unemployed+Discouraged/ Labor Force + Discouraged
Q.7.
The Federal Reserve's primary tool for changing the money supply is
  • 0%
    Surplus and so increase unemployment
  • 0%
    The Fed cannot control the amount of money that households choose to hold as currency.The Fed cannot control whether and to what extent banks hold excess reserves.
  • 0%
    Unit of Account
  • 0%
    Open Market Operations
Q.8.
Paolo accumulates money in his savings account for future purchases.
  • 0%
    Sell government bonds
  • 0%
    Structural
  • 0%
    Frictional
  • 0%
    Store of Value
Q.9.
Efficiency wages create a labor
  • 0%
    Surplus and so increase unemployment
  • 0%
    Members of the Board of Governors are appointed for 14-year terms.
  • 0%
    M1 and M2
  • 0%
    Open Market Operations
Q.10.
Ron has $7000 in a two-year CD
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    Open Market Operations
  • 0%
    M2
  • 0%
    M1 and M2
  • 0%
    Surplus and so increase unemployment