Chapter 13 Money, Banking, and Monetarism

Homework Questions

  

1. Explain the four functions of money.

 

 

 

 

 

 

 

 

 

2. Define fiat, token, and commodity money.

 

 

 

 

 

 

 

3. Compare M1, M2, and M3.

 

 

 

 

 

 

 

 

 

4. How much could the money supply expand with a reserve requirement of 8% and an infusion of $500 cash into the banking system
    in the form of a deposit made by a customer?
Why might the money supply probably not expand by this amount?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Answers to Chapter 13 Homework Questions Table of Contents
Go to Chapter 13 Class Discussion Questions Economics Free Stuff

 

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