Answer the following questions as soon as Possible

Please choose the following answers accurately:

Q36. Economists believe that the most serious costs of inflation arise from 1. redistribution of wealth owning to unexpected inflation 2. bracket creep 3. uncertainty about the rate of inflation 4. menu costs

Q37. Which of the following is true of Federal Reserve float? 1. The amount of deferred availability cash items typically exceeds the amount of cash items in the process of collectior 2. It is typically zero. 3. The amount of cash items in the process of collection typically exceeds the amount of deferred availability cash items. 4. Over long periods of time float is a significant source of change in the monetary base.

Q38. conduct open market operations, the FOMC issues a directive to the 1. trading desk at the Federal Reserve Bank of New York 2. Board of Governors in Washington, D.C. 3. presidents of the district banks 4. chairman of the New York Stock Exchange

Q39. If currency outstanding equals $200 million, check-able deposits equal $1 billion, reserves equal $150 million, and the required reserve ratio is 1. 0.86 2. 3.43 3. 3.14 4. 8

Q40. The Depository Institutions Deregulation and Monetary Control Act of 1980 1. required all state banks to join the Federal Reserve System 2. required all banks to maintain reserve deposits with the Fed 3. eliminated the requirement that banks hold reserve deposits with the Fed 4. prohibited nonmember banks from receiving discount loans