The sum of the Fed's monetary liabilities and the U.S. Treasury's monetary liabilities is called
A) the money supply.
B) currency in circulation.
C) bank reserves.
D) the monetary base.
D
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In the United States today, how much gold will the Federal Reserve give you in exchange for $1?
A) 1 ounce of gold B) none C) 1/35th of an ounce of gold D) $1 worth of gold (based on the market price of an ounce of gold at the time you exchange the $1)
________ institutions are financial intermediaries that acquire funds at periodic intervals on a contractual basis
A) Investment B) Contractual savings C) Thrift D) Depository
The consensus is that approximately ________ percent of U.S. households are subject to a liquidity constraint in consumption
A) 75 B) 55 C) 35 D) 15 E) 5
When an employee at a grocery store scans the price of your items, bags the groceries, and collects your paper, the individual has provided
A) physical capital. B) entrepreneurship. C) a service. D) land.