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R Dollars Quiz

If depositors lose confidence in their bank and immediately demand their money back, banks ______ pay all the depositors because __________ of their deposits are on reserve.

Financial intermediaries such as banks acquire loanable funds by paying interest and offering security and convenience on deposits, and make their profit by paying interest rates on deposits that exceed the interest rates charged on loans.

___________ refers to revenue earned from coinage by a sovereign government when the face value of the coinage exceeds the cost of producing the coinage

What is the "store of value" function of money?

Suppose that a large group of local merchants donates 10,000 "3-R Dollars" to local schools, a colorful local currency that the schools can spend at a wide variety of participating local stores as a perfect substitute for dollars, now or in the future. Do 3-R dollars meet the requirements of money?

Following the stock market crash of 1929 depositors demanded their money back. The Fed failed to act as the lender of last resort by lending banks money to repay depositors. Between 1930 and 1933 about one-third of all banks had failed.

Which of the following correctly describes the system of fractional reserve banking?

If a given unit of money is made of different commodities or different grades of commodity, then according to Gresham's Law, people trade away __________ money and hoard __________ money.

What is the "unit of account" function of money?

Which of the following represents one or more of the key goals and objectives of the Fed?

Tagged as: r dollars, r dollars, money
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