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Supply of money
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Demand for money
6. The transactions demand for money is most closely related to money functioning as a:
A) unit of account.
B) medium of exchange.
C) store of value.
D) measure of value.
8. The total demand for money curve will shift to the right as a result of:
A) an increase in nominal GDP.
B) an increase in the interest rate.
C) a decline in the interest rate.
D) a decline in nominal GDP.
Money market
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U.S. financial system
12. The group that sets the Federal Reserve Systems policy on buying and selling
government securities (bills, notes, and bonds) is the:
A) Federal Deposit Insurance Corporation (FDIC).
B) Federal Bond Sale Authority.
C) Council of Economic Advisers.
D) Federal Open Market Committee (FOMC).
15. Firms whose central business is to offer security advice and buy and sell individual
stocks and bonds for clients are known as:
A) thrifts.
B) pension fund companies.
C) securities firms.
D) insurance companies.
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16. Firms whose central business is providing individual account shares of collections of
stocks, bonds, or both are known as:
A) insurance companies.
B) thrifts.
C) commercial banks.
D) mutual funds companies.
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Answer Key
1. A
2. A
3. A
4. C
5. C
6. B
7. B
8. A
9. A
10. C
11. B
12. D
13. A
14. A
15. C
16. D
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