Aof Panel

Soru 1

I. Reserves are the sum of cash in bank’s vault and demand deposits in central bank and other banks.

II. Fractional reserve banking is the banking practice in which banks hold more reserves than their total liabilities.

III. Deposit money is money in the form of demand deposit that is created by banks as a result of
accepting deposits and loaning of funds.

Which can be said to be true about banks?

Soru 2

If the change in reserves of banking system is 1000 and required reserve ratio is 2.5 what is the change in demand deposits?

Soru 3

I. Economic units would like to hold an amount of money for the purposes of transaction, precaution and speculation.

II. The factors determining the amount of money that economic units would like to hold are nominal income and interest rate.

III. While nominal income is indirectly related with money demand, interest rate affects the demand for money directly.

What can be said to be true about Keynesian economists explanations of the relationship
between the quantity of money and economic activities?

Soru 4

I. Equation of exchange is an identity showing that the multiplication of amount of in an economy with velocity of money will be equal to nominal income.

II. By assuming a constant velocity, classical economists insist that any change in the quantity of money affects only prices with same direction and the same rate.

III. Classical economists accept that money is neutral; that is, it has an important effect on the volume of output in the economy.

What can be said to be true about Classical economists explanations of the relationship
between the quantity of money and economic activities?

Soru 5

I. The most important task of a central bank is to control monetary system of the country and to
ensure it works in stability in order to achieve the national objectives.

II. Central bank, as a financial institution, performs banking activities for the government by collecting, holding, transferring the government’s funds and making payments with them.

III. The term being banker for banking system means that the central bank serves other banks with products which is completely different to the banking system provides their clients.

What can be said to be true about the Central Bank’s functions?

Soru 6

When was the first metal money used in history?

Soru 7

Where was the first banknote used in history?

Soru 8

Which of the following functions of money ensures to keep purchasing power on hand?

Soru 9

Which of the following is the object which has both a value as a good and a medium of exchange?

Soru 10

Which of the following equation shows M1 money stock?

Soru 11

Which of the following equation shows M2 money stock?

Soru 12

Which of the following equation shows M3 money stock?

Soru 13

Which of the following is the quantity of money that economic agents want to hold with the intent of defraying unforeseen expenses?

Soru 14

Which of the following is the quantity of money that economic agents want to hold because of price uncertainty of financial assets other than money?

Soru 15

I. Required reserve ratio

II. Discount rates

III. Open market operations

Which of above are general tools of monetary policy?

Soru 16

I. Economic units exchange goods and services on hand with money, and use this money to buy goods and services they want.

II. Barter is the exchange of goods or services for another by using any medium of exchange.

III. Money, as a unit of account, is a common measurement unit in quantifying the value of goods and services.

What can be said to be true about the function of money?

Soru 17

Which of the given official money stock definitions is true?

Soru 18

What is the banking practice in which banks hold less reserves than their total liabilities?

Soru 19

What is Gresham’s Law?

Soru 20

I. Evolution of money can be reviewed in two basic categories as commodity money and fiat money.

II. In a modern economy, money splits into three types; coins, banknotes and demand deposits.

III. CBRT issues data related to alternative money stock definitions known as M0, M1, and M2.

Which of the statements can be said to be true about the evolution of money?

İKTİSADA GİRİŞ II - Deneme Sınavı - 21