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Questions and Answers
All of the following situations could cause a fall in the value of the U.S. dollar in relation to the Japanese yen except
All of the following situations could cause a fall in the value of the U.S. dollar in relation to the Japanese yen except
- Japanese investors buying U.S. Treasury securities (correct)
- U.S. investors buying Japanese securities
- an increase in Japan's trade surplus over that of the United States
- a general decrease in U.S. interest rates
Which organization or governmental unit sets fiscal policy?
Which organization or governmental unit sets fiscal policy?
- Federal Reserve Board (FRB)
- Government Economic Board
- Congress and the president (correct)
- Secretary of the Treasury
Which of the following is added to M2 to arrive at M3?
Which of the following is added to M2 to arrive at M3?
- Large time deposits (correct)
- Currency in circulation
- Checking accounts
- Gold and silver bars in bank storage vaults
