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13 Cards in this Set
- Front
- Back
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Freidman's money demand theory is different from keynesian because |
freidman's demand is totally elastic |
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According to the quanity theory, if money supply increases |
production increases |
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Using dollars to buy candy is an example of money being used as |
a medium of exchange |
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The FED prefers to use________ for monetary policy |
using discount policy |
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If the FED decreases the required reserves then |
the money multiplier increases and the money supply decreases |
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The debasement problem |
undermined the use of commodity money |
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The Glass-Steagal Act |
separated commercial from investment banking |
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The 1927 banking regulation |
McFadden act restricted the geographical expansion of banks |
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In the Free Banking Era |
banks could issue their own notes |
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The effects of the Fed changing the discount rate is called |
the bank lending channel |
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In the United States |
the banking system is fragmented |
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The Mcfadden Act |
encouraged efficiency and competition |
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The discount rate is generally _______the fed funds rate |
lower |
