Question 18 (2 points)

________ money refers to something that is used as money but is otherwise worthless and typically has the backing of the government or a central bank.

Question 18 options:

	Commodity
	Fiat
	Representative
	Federal

Question 19 (2 points)

Holding all else constant, if banks choose to hold more excess reserves, the money multiplier will decrease

Question 19 options:

	True
	False

Question 20 (2 points)

Holding all else constant, if the Federal Reserve increases the required reserve ratio, the money multiplier will increase.

Question 20 options:

	True
	False

Question 21 (2 points)

Holding all else constant, if households choose to hold more of their income as cash outside the bak, the money multiplier will increase

Question 21 options:

	True
	False