Commercial banks reserves kept in their accounting at the Central Bank
Banknotes and coins in circulation and in bank vaults
Demand deposits are also known as ___ and other deposits that function as demand deposits
Saving accounts
Current accounts
The other answers are correct
Automatic collection cards linked to demand deposits are becoming more ___
Rare
Common
The other answers are correct
M2 represents money and ___ of money
Distant substitutes
The other answers are correct
Close substitutes
What funds are part of M3?
Constitutional money market funds
The other answers are correct
Institutional money market funds
What are the functions of money?
Medium of exchange, unit of account and store of value
The other two answers are correct
Divisible, homgeneous, and size
To function as a "unit of account", what is being used as currency must be:
Divisible, homogeneous and have a certain weight, measure or size
Indivisible, heterogeneous and have a certain weight, measure or size
The other answers are correct
Is real estate advisable as money?
The other answers are correct
No
Yes
The money created by the Central Bank ___
Are the bills and coins
It's electronic money
The other answers are correct
Inflation is usually measured by calculating the rate of change of a price index, usually the ___ Price Index
Consumer
Private
National
The ___ value refers to any price or value expressed in money of the day
Constant
Nominal
The other answers are correct
Calculate the nominal GDP of 2016 over the year 2015 if the real GDP was 170,000 and the CPI was 180%
136,986.5
306,000
94,444.44
The ___ believe that the most important factor that influences inflation or deflation is the management of the money supply facilitating or hindering credit
The other answers are correct
Keynesians
Monetarists
Keynesians say that ___ is a major (but not the only) cause of inflation
Monetary supply
Demand
The other answers are correct
___ inflation is caused by a fall in the aggregate supply of certain goods and services
Demand
Cost
Self-built
Self-built inflation is often connected to the "___ spiral"
Demand/supply
Price-wage
The other answers are correct
Keynesian emphasize increasing demand during ___ to keep inflation stable
Expansions
The other answers are correct
Recessions
If the value of the reference currency rises, the value of the currency linked to it ___
Rises
The other answers are correct
Goes down
A fixed exchange rate ___ a government from using domestic monetary policy to achieve macroeconomic stability
The other answers are correct
Prevents
Facilitates
In the latter part of the 20th century, Argentina linked its currency, the ___, to the US dollar
Bolivar
Sol
Peso
What is the characteristic of gold?
Divisibility
The other answers are correct
Indivisibility
The Breton Woods System collapsed causing most countries to switch to the ___ currency, supported only by the laws of the country
Emblematic
Fiduciary
Fairprice
Another method to correct inflationary problems, tried in the past has been the ___ control
Penance and charity
Wealth and poverty
Wages and prices
The usual economic analysis is that any product or service that is priced too low is ___
Superconsumed
Underconsumed
The other answers are correct
Most living costs ___ forward
Look
Don't look
The other answers are correct
The ___ includes the European Central Bank and the national central banks of all the member states of the European Union, whether they have adopted the euro or not