$1.00 $4.00 $2.00 $3.00 32. From 1995 to 2001, the U.S. public debt relative to
ID: 1207202 • Letter: #
Question
$1.00
$4.00
$2.00
$3.00
32. From 1995 to 2001, the U.S. public debt relative to GDP:
Was roughly constant, but has increased since
Decreased, and increased since then
Increased steadily and continued to increase since then
Increased, and fell since then
33. Which definition(s) of the money supply include(s) only items which are directly and immediately usable as a medium of exchange?
M1 and M2
Neither M1 nor M2
M2
M1
The dollar price of pounds will increase to $5 equals 1 pound
The pound price of dollars will rise to 1/4 pound equals $1
The pound price of dollars will fall to 1/5 pound equals $1
A dollar shortage of MN will result in Britain
35. The current monetary system for conducting international trade is usually described as a system of:
Fixed exchange rates
Managed floating exchange rates
A managed gold standard
Freely floating exchange rates
36. Money supply M1 does not include the currency held by:
State and local governments
Business firms
Commercial banks
Households in their wallets or purses
37. The most important among the Federal Reserve district banks in conducting monetary policy is the:
Chicago bank
San Francisco bank
Boston bank
New York bank
38. A single commercial bank must meet a 25 percent reserve requirement. If it initially has no excess reserves and then $2,000 in cash is deposited in the bank, it can increase its loans by a maximum of:
$2,000
$1,500
$1,750
$1,250
39. A commercial bank's checkable-deposit liabilities can be estimated by:
Dividing its required reserves by the reserve ratio
Multiplying its required reserves by its excess reserves
Multiplying its required reserves by the reserve ratio
Dividing its required reserves by its excess reserves
40. The total amount of debt owed by the Federal government is represented by the total value of the outstanding:
Federal Reserve notes
U.S. government securities
Stocks and bonds
Bank loans and deposits
Explanation / Answer
31.
Correct Answer:
$3
Explanation:
At the price rate of $3, quantity demanded by the import country is equal to the quantity supplied by the export country and that is 100. Thus, equilibrium is established between demand and supply at $3 price.
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