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Economics Part II

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Old 12-13-2004, 03:24 PM   #1
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Economics Part II

Dont worry guys... this one is nothing like last time. I really only have like 3 questions. Any help is once again appreciated. Thanks.

5. Which of the follwing is NOT a store of value?
b. Credit Card
c. Debit Card

16. The Federal Reserve System
a. Was created by and is owned by government
b. purseus indepentent fiscal policy at the behest of Congress
c. Never acts to control inflation
d. pursues an indepented monetary policy which can confilct with the governments economic policy
e. only acts to lower taxes and increase spending when there are ressionary tendancies in the economy.

29.An Indivudual bank at most can lend out its:
a. Actual reserves
b. fractional reserves
c.legal reserves
d. checkable depoits.
e. excess reverves

30. If the required reserve ratio is 10%, 1000 cash deposited into a checable deposit account will generate, assuming willing borrowers, an increase in the money supply of?
a.900 ( I'm 99.9% sure this is the awnser, but there are like 10 questions like this and I just want to make sure i'm doing it right)
b. 1,100
c.9,000
d.10,000
e. 11,000

Thats it, I swear. No more. If you know any, any help is appreciated. Unlike last time, no real pressure, becasue I think I'm doing well on the test. But thanks
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Old 12-14-2004, 09:43 AM   #2
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Have I mentioned I hate economics? LOL

A debit card is a store of value since it's linked to your checking account, at least that's what makes sense to me, lol.

D makes the most sense to me on 16

A bank can only lend excess reserves

The other ones I'm not sure enough on to venture a guess
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Old 12-14-2004, 11:56 AM   #3
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Thanks Matty. Those were the same awnsers I guessed, except 16, but that was the only one I had no friggin clue on so that helps. Thanks!
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