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Past Exam for ECON 2006 - Principles of Economics with Cothren at Virginia Tech (VT)

Exam Information

Material Type:Exam 2
Professor:Cothren
Class:ECON 2006 - Principles of Economics
Subject:Economics
University:Virginia Polytechnic Institute And State University
Term:Fall 2009
Keywords:
  • Decrease Increase
  • Reserve Ratio
  • Individuals
  • Required Reserve Ratio
  • Determination
  • Consumption
  • Open Market Sale
  • Employment-at-Will
  • Employment at Will
  • Expenditure
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Sample Document Text

1 Exam 2, Fall 2009, Chapters 9-12 Form A [1]Total bank reserves consist of _____. 1. the total cash in bank vaults. 2. money deposited in Federal Reserve accounts. 3. the sum of vault cash and deposits at Federal Reserve banks 4. the total amount of money a bank must hold. 5. ten percent of demand deposit liabilities. [2]Which of 1-3 represents the Fed's contribution to the 1937 recession? 1. An increase in the Fed's discount rate. 2. An increase in the required reserve ratio. 3. A decrease in the monetary base. 4. 5. The Fed contributed each of 1-3. The Fed contributed neither of 1-3. [3]During the Great Depression there was a dramatic drop in the money multiplier. Which of the following was a contributing factor to this drop? 1. Individuals wished to hold more of their money in the form of cash and less in the form of bank deposits. 2. Banks increased the ratio of excess reserves to deposits. 3. Each of 1 and 2 was a contributing factor. 4...

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Income Approach Notes
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