Multiple Choice Questions

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.
  • Store of Value
  • Structural
  • Frictional
  • Sell government bonds
why, in the real world, the Fed cannot precisely control the money supply?
  • 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.
  • Its intended goal is to protect the interests of the depositors.
  • Members of the Board of Governors are appointed for 14-year terms.
  • Open Market Operations
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.
  • Store of Value
  • Frictional
  • Sell government bonds
  • Structural
Eric has $20000 in a money market account
  • Surplus and so increase unemployment
  • Members of the Board of Governors are appointed for 14-year terms.
  • M2
  • M1 and M2
Jim has $1200 in a checking account
  • M1 and M2
  • M2
  • Surplus and so increase unemployment
  • Open Market Operations
U-4
  • Its intended goal is to protect the interests of the depositors.
  • Members of the Board of Governors are appointed for 14-year terms.
  • Surplus and so increase unemployment
  • 100x Unemployed+Discouraged/ Labor Force + Discouraged
The Federal Reserve's primary tool for changing the money supply is
  • Surplus and so increase unemployment
  • 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.
  • Unit of Account
  • Open Market Operations
Paolo accumulates money in his savings account for future purchases.
  • Sell government bonds
  • Structural
  • Frictional
  • Store of Value
Efficiency wages create a labor
  • Surplus and so increase unemployment
  • Members of the Board of Governors are appointed for 14-year terms.
  • M1 and M2
  • Open Market Operations
Ron has $7000 in a two-year CD
  • Open Market Operations
  • M2
  • M1 and M2
  • Surplus and so increase unemployment
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Multiple Choice Questions
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