TEST 4a03 - Created by Antonio Ginés

M0 is the ___ from which other forms of money are created
1. Basis
2. Vertex
3. The other answers are correct
What checks are part of demand deposits?
1. Gift vouchers
2. Traveller's checks
3. The other answers are correct
Like checks, automatic collection cards, as a means of completing a transaction through their link with demand deposits, can be considered as a form of ___
1. Exchange
2. Money
3. Barter
What is the correct statement?
1. M1 is a broader classification of money than M2
2. The other answers are correct
3. M2 is a broader classification of money than M1
What repurchase agreements are part of M3?
1. Long-term repurchase agreements
2. The other answers are correct
3. Short-term repurchase agreements
When money is used to mediate in the exchange of goods and services, it's performing a function as a ___
1. Medium of exchange
2. Unit of account
3. Store of value
Are precious metals divisible?
1. Yes
2. If
3. No
Why are the coins made with ridges around the edges?
1. The other answers are correct
2. So that any extraction of material form the coins is easily detected
3. To have less weight
The Central Bank creates electronic money through ___
1. ATMs
2. None of the other answers is correct
3. Loans to private banks
The Consumer Price Index measures the prices of ___
1. A selection of goods and services purchased by a "typical consumer"
2. A good or service purchased by a "typical consumer"
3. The other answers are correct
The ___ value is adjusted for the effects of inflation
1. Current
2. Real
3. The other answers are correct
Types of inflation according to the value of the ratio: ___ and moderate inflation
1. Gigainflation
2. Hyperinflation
3. Metainflation
Monetarists see ___ policy, or government spending and taxation, as ineffective in controlling inflation
1. The other answers are correct
2. Monetary
3. Fiscal
How many types of inflation are there according to Keynesians?
1. Three
2. Four
3. Two
Cost inflation my be due to natural disasters, ___ of potencial production or increased prices of inputs for other reasons (in the production system)
1. A rise
2. A fall
3. A maintenance
Self-built inflation is based on the assumption that workers try to keep their wages above prices (above ___)
1. Interest rate
2. Inflation
3. The other answers are correct
Control of aggregate demand can be achieved using ___
1. Fiscal policy
2. Monetary policy
3. The other answers are correct
If the value of the reference currency falls, the value of the currency linked to it ___
1. Falls
2. The other answers are correct
3. Rises
Under the ___ agreement, most countries in the world had currencies that were pegged to the US dollar
1. Breton Wools
2. Breton Woods
3. Breton Cottons
Gold ___ is a monetary system in which the common medium of exchange is banknotes that are normally freely convertible into predetermined, fixed amounts of gold
1. Reason
2. Model
3. Standard
What is the characteristic of gold?
1. Homogeneity
2. The other answers are correct
3. Heterogeneity
___ economists were in favor of a return to a one hundred percent gold standard
1. French
2. Austrian
3. American
Price and wage controls have been successful in wartime in combination with ___
1. The other answers are correct
2. Abundance
3. Rationing
In general the advice of economists ___ imposing price controls
1. Isn't
2. Is
3. The other answers are correct
The ___ system is the system that allows money transfers between savers and borrowers
1. Banking
2. Financial
3. The other answers are correct
The ___ includes the European Central Bank and the national central banks of those countries that have adopted the euro
1. The other answers are correct
2. European System of Central Banks
3. Eurosystem