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!

Unformatted Attachment Preview

Don't use plagiarized sources. Get Your Custom Essay on
Quiz for money and banking
Just from $13/Page
Order Essay

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
Flag this Question
Question 21 pts
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.
Flag this Question
Question 31 pts
In the Wizard of Oz the scarecrow, the tin woodman, and the cowardly lion represent,
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
the workingman, inflation, the Whitehouse
Flag this Question
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
Flag this Question
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
Flag this Question
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

Purchase answer to see full

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages

Order your essay today and save 15% with the discount code ESSAYHELP