Hey! Can I please get the answers to these matching questions? Thank you!
QUESTION 1 From the list on your right select the letter that contains the word, phrase, name, etc that best matches the word, phrase, name, etc listed on the left. A. The money supply will certainly remain unchanged regardless of other banking activities that may follow B. = m x deposists, where'm' stands for the simple money multiplier C. Backed by gold, silver, or similar precious metals A gallon of milk is traded for a gallon of gasoline D. No intrinsic value According to economists "estimates of the value of life in the U.S. are clustered in the $4 E. = Money outside of banks + Checkable deposits (checking accounts) + Traveler's checks million to $10 million range, with an average value of life in the vicinity of $7 million." F. An example the use of money as a medium of exchange v M1 G. The simple money multiplier (m) rises and banks can create more money Fiat money H. A barter transaction Required Reserve 1. The money supply likely falls The required reserve ratio is lowered J. Both Assets and Liabilities of the bank will rise assuming no other banking activity took place When a person withdraws $100 from his/her checking account K. The simple money multiplier (m) falls and the ability of banks to create money is restricted The Federal Reserve The central bank of the United States which is responsible for regulating banks, printing money, and implementing monetary policy A customer pays off a loan of $1,000 M. =rrr x depoists, where 'rrr stands for the required reserve ratio A customer borrows $100,000 from Bank A and deposits the entire balance in her checking account at the same bank N. Includes money in the vaults of banks and other 'near money' assets such as mutual fund deposits and saving accounts The balances on the bank's total Assets, Liabilities, or Net Worth remain the same assuming no `other banking activity took place P. Use of money as a unit of account. Q. Loans