Basic Finance An Introduction to Financial Institutions Investments And Management 11th Edition – Test Bank
1. The power to create money is given by the Constitution to the Federal Reserve.
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2. Since M‑2 excludes time deposits, M-2 is a less comprehensive measure of the money supply than M‑1.
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3. When individuals withdraw cash from checking accounts, the money supply is unaffected.
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4. The yield curve relates risk and interest rates.
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5. During most historical periods, the yield curve has been positively sloped.
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6. What serves for money in France may not be money in another country.
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7. The U.S. Treasury creates most of the nation’s money supply.
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8. When individuals deposit cash in a demand deposit, the money supply is reduced.
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