quiz07 Flashcards
1
Q
The V in the quantity theory of money stands for:
A
velocity
2
Q
The Q in the quantity theory of money stands for:
A
real GDP
3
Q
To be on money, you must be or have been:
A
Dead
4
Q
The value of our financial system depends primarily on our :
A
faith
5
Q
Milton Friedman thought that too much money creates:
A
inflation
6
Q
True or false The US government has never printed a bill larger than $1,000.
A
False
7
Q
Gresham’s Law states that:
A
bad money drives good money out of circulation
8
Q
Banks may be chartered by:
A
both A and B
A.
states
B.
federal government
9
Q
Due to the internet, the number of banks in the US is growing.
A
False
10
Q
M1 does not contain:
A
savings accounts
