57) Which of the following is considered to be a goal of monetary policy? A) fai

Question

57) Which of the following is considered to be a goal of monetary policy? A) fair wages C) an end to poverty B) a low federal budget deficit D) price stability 58) The monetary base is equal to A) all currency in circulation plus checkable deposits in financial institutions. B) all currency in circulation plus all deposits in financial institutions. C) all currency in circulation plus reserves held by banks. D) checkable deposits in depository institutions plus reserves held by banks. 59) Which of the following is NOT a form of a short-term liability in the shadow banking system? A) repurchase agreements C) commercial paper B) money market mutual fund shares D) bank deposits 60) The shadow banking system refers to A) nonbank financial institutions such as investment banks and hedge funds. B) commercial banks. C) pawn shops and institutions that offer payday loans. D) community banks 61) Which of the following is most likely to lead to an increase in the value of the dollar? A) decrease in exports from the United States B) increase in imports to the United States C) increase in U.S. interest rates compared to foreign interest rates D) decline in U.S. interest rates 62) When it takes more euros to purchase a dollar, the dollars is said to have: A) appreciated B) it depends on whether the change was expected or unexpected C) it depends on whether one is using direct or indirect quotations D) depreciated 63) Most of the TARP funds were used to A) pay for losses incurred by Fannie Mae and Freddie Mac.

Explanation / Answer

57) D is correct

Price stability is considered to be the goal of monetary policy.

58) C is correct

Monetary base = currency + banks reserves

59) D is correct

Bank deposit is not a form of short term liability in the shadow banking.

60) A is correct

Shadow banking refers to Non banking financial institutions

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