BA 206 (BA 206)
Grantham University
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BA 206 Macroeconomics Final Exam 2020;Already Graded A
- Exam (elaborations) • 7 pages • 2020
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Question 1

Barter transactions involve the use of money.

• Question 2

The use of money as a medium of exchange represents the mostimportant service that money renders.

• Question 3

Currency includes demand deposits.

• Question 4

The money supply known as M1 includes all assets that are good storesof value.

• Question 5

A primary tool of the Federal Reserve System is open market operations.

• Question 6

Commercial banks and credit unions create money in concert with theFed.

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