8. The evolution of the payment system from barter to golds and silvers, then to paper money, then to checks, can be understood as a consequence of A) government regulations designed to increase the efficiency of the payment system. B) government regulations designed to promote payment system security. C) innovations that reduce the cost of exchanging goods and services. D) competition between companies to make it easier for customers to buy their products. 9. is the narrowest monetary aggregate reported by the central bank (The Fed). A) MO B) M1 C) M2 D) M3 10. An increase in the monetary base that affects currency is while the increase that affects deposits is A) multiplied; multiplied B) not multiplied; multiplied C) multiplied; not multiplied D) not multiplied; not multiplied
8. The evolution of the payment system from barter to golds and silvers, then to paper money, then to checks, can be understood as a consequence of A) government regulations designed to increase the efficiency of the payment system. B) government regulations designed to promote payment system security. C) innovations that reduce the cost of exchanging goods and services. D) competition between companies to make it easier for customers to buy their products. 9. is the narrowest monetary aggregate reported by the central bank (The Fed). A) MO B) M1 C) M2 D) M3 10. An increase in the monetary base that affects currency is while the increase that affects deposits is A) multiplied; multiplied B) not multiplied; multiplied C) multiplied; not multiplied D) not multiplied; not multiplied
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Monetary System
Section: Chapter Questions
Problem 3PA
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