Econ 102 quiz 4

Econ 102 quiz 4 Question 1 of 10 10.0/ 10.0 Points The supply of money in the U.S. economy is determined primarily by A. decisions made by the Federal Reserve and the U.S. Treasury. B. the actions of the Federal Reserve and the banking system. C. consumers and the banking system. D. the demand for money in the economy. Answer Key: B Question 2 of 10 10.0/ 10.0 Points One of the essential functions that a bank performs is A. purchasing government bonds. B. creating deposits by lending required reserves. C. transferring money from savers to lenders. D. owning assets like real estate. Answer Key: C Question 3 of 10 10.0/ 10.0 Points At lower interest rates the A. money supply is indeterminate. B. money supply is lower. C. quantity of money demanded is higher. D. quantity of money demanded is lower. Answer Key: C