# Quiz for money and banking

This is just a quiz from one of my ECON class named money and banking. there is a total of six question. I will only need the answer of each. first five of the questions are multiple choice and the last one is needs a bit calculation. Thanks!
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Question 11 pts
Suppose a \$5 dollar gold coin contains 1/5 oz of gold, and that gold’s price is \$24/oz. In the
absence of any cost to minting a coin or melting it for its metal, this gold piece is an example of
______________ .
fiat money
a coin that will vanish from circulation
commodity money
a warehouse certificate
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Question 21 pts
Y K
25 5
41 7
53 11
60 13
62 14
Consider the production function described in the table above.
the mpk moving from 11 to 13 is 4 and the mpk is constant for this
production function
the mpk moving from 13 to 14 is 2 and the mpk is constant for this
production function.
the mpk moving from 5 to 7 is 16 and the mpk is diminishing for
this production function.
the mpk moving from 7 to 11 is 3, and the mpk is diminishing for
this production function.
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Question 31 pts
In the Wizard of Oz the scarecrow, the tin woodman, and the cowardly lion represent,
respectively,
the western farmers, the west coast shipping establishment,
William Jennings Bryan
the western farmers, the workingman, William Jennings Bryan
the prohibitionists, William Jennings Bryan, the eastern
establishment
the workingman, inflation, the Whitehouse
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Question 41 pts
I. intertemporal choice
II. the production possibility frontier
III. a decision fundamentally about financial investment
The decision to build capital is an example of
II and III only
I and III only
II only
I only
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Question 51 pts
In the diagram above, at point A the
MPK > than the rate of time preference and the decision maker
should build more capital
1? – d < (1 rate of time preference)*MU(ct)/MU(ct), and the decision maker will increase current consumption the decision maker should save less 1? - d > (1 rate of time preference)*MU(ct)/MU(ct),
and the decision maker will decrease current consumption
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Question 61 pts
If the marginal product of capital is .11, the depreciation rate is .04, and the ratio
MU(ct)/MU(ct) is 1.02 at the utility maximizing choice of current and future consumption,
then the rate of time preference is

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