ECO 302 Week 7 Quiz – Strayer

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Chapter 10 and 11

TRUE/FALSE

            1.         High powered money is commodity money like gold and silver.

                                   

            2.         If households reduce money balances, then their transactions costs go up.

                                   

            3.         If the money supply grows faster than money demand, then the price level rises.

                                   

            4.         If the interest rate increases, then the real demand for money also increases.

                                   

            5.         The neutrality of money means that one time changes in the money supply do not affect real variables.