ECO 203 Week 4 Quiz

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ECO 203 Week 4 Quiz

1. The Federal Reserve System

2. The store of wealth function of money refers to money as

3. The central bank and monetary authority of the United States is

4. Checkable deposits are

5. Which of the following is NOT a correct statement?

6. In the classical model, the money supply affects the economy

7. The M1 money supply includes

8. Which of the following actions by the Fed would expand the money supply?

9. Individuals accept dollars because

10. The ability of an asset to be converted easily and conveniently into the medium of exchange is called