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Flashcards in quiz07 Deck (10):
1

The V in the quantity theory of money stands for:

velocity

2

The Q in the quantity theory of money stands for:

real GDP

3

To be on money, you must be or have been:

Dead

4

The value of our financial system depends primarily on our :

faith

5

Milton Friedman thought that too much money creates:

inflation

6

True or false The US government has never printed a bill larger than $1,000.

False

7

Gresham's Law states that:

bad money drives good money out of circulation

8

Banks may be chartered by:

both A and B

A.
states

B.
federal government

9

Due to the internet, the number of banks in the US is growing.

False

10

M1 does not contain:

savings accounts