ECN 211 EXAM 3 QUESTIONS AND CORRECT ANSWERS

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ECN 211 EXAM 3 QUESTIONS AND CORRECT ANSWERS

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Institution ECN 211

Course ECN 211

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ECN 211 EXAM 3 QUESTIONS AND CORRECT ANSWERS

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ECN 211 EXAM 3 QUESTIONS AND
CORRECT ANSWERS
MoneyA2-A2Ans--
theA2setA2ofA2assetsA2inA2anA2economyA2thatA2peopleA2useA2toA2buyA2goodsA2andA2service
s

TheA24A2FunctionsA2ofA2MoneyA2-A2Ans---A2MediumA2ofA2Exchange
-A2UnitA2ofA2Account
-A2StoreA2ofA2Value
-A2Liquidity

MediumA2ofA2ExchangeA2-A2Ans--
anA2itemA2thatA2buyersA2giveA2toA2sellersA2toA2purchaseA2goodsA2andA2servicesA2(ex:A2cas
h)

UnitA2ofA2AccountA2-A2Ans--
aA2meansA2forA2comparingA2theA2valuesA2ofA2goodsA2andA2servicesA2(ex:A2comparingA2ho
usingA2valuesA2inA2theA2usA2usingA2theA2usA2dollar)

StoreA2ofA2ValueA2-A2Ans--
anA2itemA2thatA2peopleA2useA2toA2transferA2purchasingA2powerA2fromA2theA2presentA2toA2th
eA2futureA2(ex:A2realA2estate)

LiquidityA2-A2Ans--
theA2easeA2withA2whichA2anA2assetA2canA2beA2convertedA2intoA2theA2economy'sA2mediumA
2ofA2exchange

CommodityA2MoneyA2-A2Ans--
whenA2moneyA2takesA2theA2formA2ofA2aA2commodityA2withA2intrinsicA2value

FiatA2MoneyA2-A2Ans--moneyA2withoutA2intrinsicA2value

currencyA2-A2Ans--CoinsA2andA2paperA2billsA2usedA2asA2money

DemandA2DepositsA2-A2Ans--
balancesA2inA2bankA2accountsA2thatA2depositorsA2canA2accessA2onA2demandA2supplyA2byA
2writingA2aA2checkA2orA2supplyingA2aA2creditA2card

FederalA2ReserveA2-A2Ans--
theA2centralA2bankA2ofA2theA2UnitedA2StatesA2withA2twoA2mainA2goal:A2regulateA2banksA2an
dA2controlA2theA2quantityA2ofA2moneyA2inA2theA2economy
-A2runA2byA2aA2boardA2ofA27A2governors

, CentralA2BankA2-A2Ans--
anA2institutionA2designedA2toA2overseeA2theA2bankingA2systemA2andA2regulateA2theA2quant
ityA2ofA2moneyA2inA2theA2economy

MoneyA2SupplyA2-A2Ans--theA2quantityA2ofA2moneyA2availableA2inA2theA2economy

MonetaryA2PolicyA2-A2Ans--
theA2settingA2ofA2moneyA2supplyA2byA2policymakersA2inA2theA2centralA2bank

ReservesA2-A2Ans--depositsA2thatA2banksA2haveA2receivedA2butA2haveA2notA2loanedA2out

100%A2ReserveA2BankingA2-A2Ans--allA2depositsA2areA2heldA2asA2reserves
-A2banksA2doA2notA2influenceA2theA2supplyA2ofA2money

ReservesA2RatioA2-A2Ans--theA2fractionA2ofA2depositsA2thatA2banksA2holdA2asA2reserves

FractionalA2ReserveA2BankingA2-A2Ans--
aA2bankingA2systemA2inA2whichA2banksA2holdA2onlyA2aA2fractionA2ofA2depositsA2asA2reserv
es

MoneyA2MultipliersA2-A2Ans--
theA2amountA2ofA2moneyA2thatA2theA2bankingA2systemA2generatesA2withA2eachA2dollarA2ofA
2reserves

BankA2CapitalA2-A2Ans--
theA2resourcesA2aA2bank'sA2ownersA2haveA2toA2putA2intoA2theA2institution

LeverageA2-A2Ans--
theA2useA2ofA2borrowedA2moneyA2toA2supplementA2existingA2fundsA2forA2purposesA2ofA2inv
estment

LeverageA2RatioA2-A2Ans--theA2ratioA2ofA2assetsA2toA2bankA2capital

CapitalA2RequirementA2-A2Ans--
aA2governmentA2regulationA2specifyingA2aA2minimumA2amountA2ofA2bankA2capital

OpenA2MarketA2OperationsA2-A2Ans--
theA2purchaseA2andA2saleA2ofA2USA2governmentA2bondsA2byA2theA2FED
-A2BUYA2bondsA2=A2increaseA2inA2moneyA2supply
-A2SELLA2bondsA2=A2decreaseA2inA2moneyA2supply

DiscountA2RateA2-A2Ans--
theA2interestA2rateA2onA2theA2loansA2thatA2theA2FedA2makesA2toA2banks

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Uploaded on: November 14, 2025
Number of pages: 7
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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