8) Small denomination time deposits are included in which measures of the money

Question

8) Small denomination time deposits are included in which measures of the money (2pts) supply? Neither M1 nor M2 Both M1 and M2 M1 but not M2 M2 but not M1 9) Which of the following are two of the primary functions of the Federal Reserve pts) System? lending money to large corporations and cashing checks for the government collecting taxes and planning the government budget controlling the foreign exchange rate and the interest rate l regulating the private banking system and controlling the money supply minting coins and printing currency 10) Which of the following statements about the Federal Reserve System is correct? (2pts) The seven members of the Board of Governors and they serve 14-year non-renewable There are twelve Federal Reserve Banks, and Missouri is the only state that has two of Only five presidents of the regional Federal Reserve Banks get a vote in the Federal Open terms them Market Committee, and one of them is always the president of the NY Fed

Explanation / Answer

Answer.)

Q8.) M2 but not M1

M2 consists of M1 plus (1) savings deposits (including money market deposit accounts); (2) small-denomination time deposits (3) balances in retail money market mutual funds

Q9.) regulating the private banking system and controlling the money supply.

The Federal Reserve has three primary functions: Monetary Policy, Banking Supervision, Financial Services

Q10.) The seven members of the Board of Governors and they serve 14-year nonrenewable terms.

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