Run the money gates

Exercise and reference answers

Questions

1. Correct

   M1

   Choices

   1. M1
   2. M2
   3. Neither

2. Correct

   M2

   Choices

   1. M1
   2. M2
   3. Neither

3. Correct

   Commodity

   Choices

   1. Commodity
   2. Backed
   3. Neither

4. Correct

   Backed

   Choices

   1. Commodity
   2. Backed
   3. Neither

5. Correct

   Reserves

   Choices

   1. Reserves
   2. Multiplier
   3. Neither

6. Correct

   Multiplier

   Choices

   1. Reserves
   2. Multiplier
   3. Neither

Instructions

Pick the money measure, then the money type, then the bank term.

Explanation