True or false? 11. we can interpret the monetary base as the liabilities of the

ID: 1208216 • Letter: T

Question

True or false?

11. we can interpret the monetary base as the liabilities of the Fed to the private sector.

16 The quantity theory suggests that people demanded money because of perfect synchronization between monetary receipts and payments.

17 The quantity theory approached the demand for money from the perspective of the motives for holding money.

18 The demand for money function in both the classical quantity theory and the keynes approach can be written M^d= kpy

19 The value of K in the quantity theory demand for money function is 1/v.

20 The quantity theory assumed transactions were fixed because output was the full employment level of output.

21 keynes identified the transactions, emotive and speculative motives as the three motives for holding money.

22 the speculative motive assumes people hold money as a unit of account.

23 A bank charter is a license from the government to open and operate a bank.

24 what were the there monetary policy tools available to the Federal Reserve when it was formed in 1913?

25 Banks chartered by the office of the comptroller of the currency are called national banks.

(11)The statement is True.

(16)The statement is True

(17)The statement is True

(18)The statement is True

(19)The statement is False

(20)The statement is True

(21)The statement is True

(22)The statement is False

(23)The statement is True

(24) (a) maximising employment (b) stabilizing price (c) moderating long term interest rates

(25) The statement is True.

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.