When coins were first used, they only had an image on one side. Why did coins st

Question

When coins were first used, they only had an image on one side. Why did coins start to have images on two To prevent people from shaving precious metals off the back side of coins Because the coins' issuers, or seigniors, wanted to see their faces on coins To increase the coins' value The term seignorage refers to: The profit earned from issuing money Older forms of money, like lead bars The interest earned on demand deposits Cattle can be used as money but can also be slaughtered for food. Cattle are an example of: Commodity money Fiat money Ideal money How does the Federal Reserve regulate the money supply? Check all that apply. By buying and selling stocks By setting reserve requirements By setting the interest rates on home mortgages and auto loans By setting the interest rate charged by reserve banks for loans to member banks (the discount rate) By buying and selling bonds through open-market operations The Federal Open Market Committee (FOMC): Controls the buying and selling of U.S. government bonds Buys and sells stocks Issues mortgages to homeowners Which of the following are frequently mentioned goals of the Federal Reserve? Check all that apply. Trade surpluses Price stability Productivity growth Exchange rate stability

Explanation / Answer

(B) Seignorage refers to the profit earned by government from issuing money. So 1st option is correct

(C) Cattle is an example of commodity money. Commodity money includes objects that have value in themselves and in their use as money. So 1st option is correct.

(E) Federal Open Commitee controls the buying and selling of government bonds. So 1st option is correc.

(F) Price stability and exchange rate stability are the goals of the Federal reserve.

(A) Coins started to have images on the both sides to prevent people from shaving precious metals. 1st option is correct.

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