6. a) UK currency is a commercial bank liability b) UK currency is a Bank of England liability c) UK currency is a central bank asset 9. The neutrality of money refers to the idea that a) a change in money supply has no impact on output over any time period b) a change in money supply has no short run impact on output c) the real quantity of money is constant in the long term

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter13: The Federal Reserve System
Section: Chapter Questions
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6.
a) UK currency is a commercial bank liability
b) UK currency is a Bank of England liability
c) UK currency is a central bank asset
9. The neutrality of money refers to the idea that
a) a change in money supply has no impact on output over any time period
b) a change in money supply has no short run impact on output
c) the real quantity of money is constant in the long term
Transcribed Image Text:6. a) UK currency is a commercial bank liability b) UK currency is a Bank of England liability c) UK currency is a central bank asset 9. The neutrality of money refers to the idea that a) a change in money supply has no impact on output over any time period b) a change in money supply has no short run impact on output c) the real quantity of money is constant in the long term
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