I don't need explain.

All true or false questions

1, A reserve requirement of 4 percent implies a potential deposit expansion multiplier of 2.5

3, An investor from China purchasing a U.S. government bond creates a demand for Chinese yuan and a supply of U.S. dollars in the Foreign Exchange Market.

7, Fiscal policy is the deliberate control of the money supply or credit conditions by the Federal Reserve Bank, for the purpose of achieving macroeconomic goals.

8, The purchasing power of money in an economy rises when the overall price level decreases.

10, A trade deficit is a situation that occurs when a country's imports of goods and services are less than its exports.

12, During the last hundred years, the growth rate of Real GDP in the United States have averaged approximately 3% per year.

14, If on Monday you could buy only 105 Japanese for each U.S. dollar but on Tuesday for each dollar you can buy 110 yen instead, then the dollar has appreciated and the yen has depreciated.

18, Not all money that is deposited in a bank must be kept by the bank in its vault.

20, Other things the same, when the interest rate falls people will want to lend less, so the quantity of loanable funds supplies will decrease.

22, Other things the same, when the interest rate falls people will want to lend more, so the quantity of loanable funds supplies will increase.

23, The purchasing power of money in an economy falls when the overall price level increases.

25, The Civilian Population includes the number of persons ages 16 or older who are either employed or unemployed.

27, Lowering the reserve requirement is one way in which "The Fed" can expand the overall money supply.

28, Fiat money is not backed by gold, silver, or any other valuable commodity.

31, A country that is rich in resources and has an absolute advantage in production will gain if it refuses to trade with other nations, and this action helps the rest of the world.