Need help answering number 7 to 20. Thank you.

6. Mi is composed of the most liquid money supply components and is roughly 25% of M2. a. True b. False 7. The price of a bond is equal to: a. yield divided by interest payment. b. interest payment divided by yield. c. yield times interest payment. d. yield times inflation rate. 8. Which statement concerning the function of money is incorrect? a. Money gives us a yardstick for measuring the values of goods and services. b. Money helps us avoid the problem of lack of a double coincidence of wants. c. Money helps us save time in purchasing goods and services. d. Money does not lose value when inflation occurs. 9. Which of these is NOT a financial intermediary? a. Citibank b. Schwab mutual funds c. Hartford Insurance d. Federal Reserve Bank 10. Joan begins the month with $100 in her checking account. When she receives a pay check for $1,200 on the 5th of the month, she uses that pay check to put $1,000 in her checking account, takes $80 in cash, and deposit $120 in her savings account. During the month, she spends $550 on rent and utilities, $30 on household items, $10 on a T-shirt, and $350 on food, leaving a balance of $240 in her checking account. Based on the given information, which statement accurately describes the function of Joan's money? a. Savings is a store of value measured in units of account. b. Her expenditures use funds as a medium of exchange but with no role for money as a unit of account. C. Buying goods and services uses money as a store of value and unit of account. d. Depositing money in savings is using it as a medium of exchange 11. Suppose a perpetuity bond with a face value of $1,000 has a 10% coupon rate. If market interest rates fall to 8%, the price of the bond: a. rises to $1,250. b. falls to $750. c. rises to $1,080. d. stays at $1,000 12. Money is exclusively composed of currency and coins. a. True b. False 13. (Figure: Market for Loanable Funds) Based on the graph, if households decide to save a larger portion of their income because they fear job loss due to a recession, the loanable funds supply curve will shift from to , and the new equilibrium will be at point holding demand constant at DO. So S, Real Interest Rates (%) Loanable Funds (S) a. So; S; a b. So; S; b c. Si; Sob d. S; Sod 14. If the government offers firms investment tax credits for building new factories, the after- tax rate of return , causing the loanable funds curve to shift leading to interest rates. a. rises, demand; rightward; higher b. rises, demand; leftward; higher c. falls, demand; leftward; lower d. rises, supply, rightward; lower 15. Sasha buys a pair of shoes for $200. She pays for them with 200 one-dollar bills. The dollar bills, in this case, are functioning as a: a. unit of account. b. store of value. c. medium of exchange. d. barter tool. 16. In the market for loanable funds, the government announces new tax breaks for saving for retirement while there is an increase in demand for products, which raises the return on investment in capital. What should be expected in the market for loanable funds as a result of these two events? a. The interest rate will rise, but there is uncertainty about any change in the amount of borrowed funds. b. The interest rate will fall, but there is uncertainty about any change in the amount of borrowed funds. C. The amount of funds borrowed will rise, but there is uncertainty about the direction of any change in interest rates. d. The amount of borrowed funds will fall, but there is uncertainty about the direction of any change in interest rates. 17. Which of these would cause both the equilibrium interest rate and the equilibrium quantity to fall in the market for loanable funds? a. an increase in the average income of the population b. expectations of greater job security c. an adjustment to building codes that make it more difficult to get government permits to build new buildings d. expectations of greater business profits 18. Checking accounts are counted as part of: a. Ml only b. M3 only. c. M2 and M3 d. Mi and M2. 19. Which of the following assets will likely show the greatest increase in value over time? a. Saving accounts. b. Checking accounts. c. U.S. Treasury bonds d. Blue Chip stocks. 20. Suppose the government encourages greater participation in company retirement plans. What happens to loanable funds and interest rates? a. Loanable funds fall and interest rates rise. b. Loanable funds fall and interest rates fall. c. Loanable funds rise and interest rates rise, d. Loanable funds rise and interest rates fall