Identification __________1. The amount of money people wants to hold as a store of value; this amount varies inversely with the interest rate. __________2. Actions of the Bangko Sentral ng Pilipinas (BSP) to increase the money supply and expand real GDP. __________3. The most narrowly defined money supply, equal to currency in the hands of the public and the checkable deposits of commercial banks and thrift banks.
Identification
__________1. The amount of money people wants to hold as a store of value; this amount varies inversely with the interest rate.
__________2. Actions of the Bangko Sentral ng Pilipinas (BSP) to increase the money supply and expand real GDP.
__________3. The most narrowly defined money supply, equal to currency in the hands of the public and the checkable deposits of commercial banks and thrift banks.
__________4. The market in which the demand for and supply of money determine the interest rate.
__________5. An asset set aside for future use; one of the three functions of money.
__________6. Bangko Sentral ng Pilipinas actions that contract the growth of the nation’s money supply for the purpose of reducing or eliminating inflation.
__________7. A standard unit in which prices can be stated and the value of goods and services can be compared; one of the three functions of money.
__________8. Demand for money to meet unexpected expenses.
__________9. A minimum amount of reserves that banks must hold against deposits.
__________10. The tendency for increases in the price level to increase the demand for money, raise interest rates, and, as a result, reduce total spending and real output in the economy.
__________11. The BSP’s buying or selling of government bonds.
__________12. The sum of the transaction, precautionary, and asset demand for money.
__________13. The tendency for increases in the price level to lower the real value of financial assets with fixed money value, as a result, to reduce total spending and real output.
__________14. The government agency that oversees the banking system and is responsible for the amount of money and credit supplied in the economy.
__________15.
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