ECN 102
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1. What is the primary difference between the M2 and M1 measures of the money supply? - ANSWER assets in m1 are more liquid than m2 2. Suppose the reserve requirement in a fractional reserve banking system is 20%. If you took $100 of currency and deposited it in the bank, how much additional money could be created? - ANSWER $400 3. The purchase and sale of government bonds by the central bank refers to - ANSWER open market operations 4. If the Fed purchases government bonds, wh...
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1. What is the primary difference between the M2 and M1 measures of the money supply? - ANSWER assets in m1 are more liquid than m2 2. Suppose the reserve requirement in a fractional reserve banking system is 20%. If you took $100 of currency and deposited it in the bank, how much additional money could be created? - ANSWER $400 3. The purchase and sale of government bonds by the central bank refers to - ANSWER open market operations 4. If the Fed purchases government bonds, wh...