Money provides a convenient measuring rod when the _________ of all goods are expressed in _________ terms.

The United States is divided into 12 districts, each of which has a Federal Reserve Bank. These banks do notparticipate in monetary policy decisions, but liaise between the Fed and other banks. _________ (True/False)

If the reserve ratio is 0.3 and a deposit of $500 is made into a bank, the bank can lend out _________.

Some people temporarily invest in mutual funds before moving them into riskier, higher-earning stock market investments later. _________ (True/False)

In the United States, currency held by the public constitutes a greater proportion of M1 than demand deposits and other checkable deposits. _________ (True/False)