Health Economics

M1 correct answers cash, checks, anything " liquid" / spendable immediately M2 correct answers Small Savings accounts, CD's, and M1 M3 correct answers Big time savings ( 250,000 +), Corporate MMMF's money correct answers any thing commonly acceptred as payment for goods and services, an...

Who controls the Federal Reserve? correct answers The Board of Governors How many District Banks does the Fed have? correct answers 12 District Banks How many people serve on the Board of Governors? correct answers 7 members Who is the current chairman of the Federal Reserve? correct answer...

Janet Yellen correct answers first female chair of the Federal Reserve; no one can tell her what to do; hired by the President money correct answers anything people generously accept as a payment for goods and services barter correct answers the direct trading of goods and services for other g...

What is bartering? correct answers Direct exchange of 1 set of goods or services for another Explain the three uses or functions of money? correct answers Medium of exchange: anything that's used to determine value during the exchange of goods and services. Unit of account: provides a means for...

What is bartering? correct answers Direct exchange of 1 set of goods or services for another Explain the three uses or functions of money? correct answers Medium of exchange: anything that's used to determine value during the exchange of goods and services. Unit of account: provides a means for...

Money correct answers A means of payment, a store of value, and a unit of account Arguments for eliminating the penny correct answers Costs more than 1 cent to make. People don't want them. Not worth your time to keep track of it. Hasn't kept up with inflation. Could be a problem if could me...

A central bank is correct answers a nation's main monetary authority the Fed provides banking services for correct answers The national gov. and many private banks The official paper currency of the US is correct answers Federal Reserve note The interest rate at which a depositary institut...

Federal Reserve System (Fed) correct answers privately owned (by other banks no people), publicly controlled central bank of the United States issues US paper money President of US appoints and Senate approves 7 board members that serve 14 year terms (Board of Governors) Federal Open Market Com...

Currency correct answers paper bills and coins that are used to buy goods and services 3 functions of money correct answers Medium of Exchange Unit of Account Store of value Medium of Exchange correct answers what people trade for goods and services Colonies: Tobacco was medium of exch...