the economics of money, banking, and financial markets

85 #

© 2014 Pearson Canada Inc.#

23. 
    

    The decade during which the growth rates of monetary aggregates diverged the most is
    ____.
    A) the 1960s
    B) the 1970s
    C) the 1980s
    D) the 1990s
    Answer: D
    Diff: 1 Type: MC Page Ref: 56 - 57
    Skill: Recall
    Objective List: 3.4 Explain money measurement matters

    
    


24. 
    

    In the money index used by the Bank of Canada: M = X 1 +X 2 + ... +Xn, the n monetary

    
    

components have ____.
A) a weight of 1/n
B) different weights
C) a weight of n
D) a weight of 1
Answer: D
Diff: 2 Type: MC Page Ref: 57
Skill: Recall
Objective List: 3.4 Explain money measurement matters

25. In the money index used by the Bank of Canada: M = X 1 +X 2 + ... +Xn, the Xs are ____.

A) the proportional weights for calculating M
B) the increasing weights in calculating M
C) the n monetary components of M
D) the decreasing weights in calculating M
Answer: C
Diff: 1 Type: MC Page Ref: 57
Skill: Recall
Objective List: 3.4 Explain money measurement matters

26. The formula used the Bank of Canada in calculating the money supply is ____.
    A) M = A 1 X 1 +A 2 X 2 + ... +AnXn

B) M =

C) M = X 1 +X 2 + +Xn

D) M =

Answer: C
Diff: 3 Type: MC Page Ref: 57
Skill: Recall
Objective List: 3.4 Explain money measurement matters