Which of the Following Observations Is True

question 9

Multiple Choice

Which of the following observations is true?

• A)Central bank directly controls both inside and outside money.
• B)Outside money is that part of the money supply produced by the private banking system.
• C)Inside money refers to the quantity of notes and coin in the economy.
• D)Bulk of the money supply consists of inside money.
• E)Central banks cannot vary the quantity of outside money.

Understand the definition and components of Gross Domestic Product (GDP).

Distinguish between nominal GDP and real GDP, including adjustments for inflation.

Comprehend the implications of changes in GDP and real GDP on the economy.

Recognize the factors excluded from GDP calculation.

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Definitions:

ISM

Institute for Supply Management; an organization that produces research and standards in the field of supply management.

APICS

APICS stands for the Association for Supply Chain Management, a professional association for supply chain management and logistics professionals, offering certification programs and training.

PMI

The Project Management Institute, a professional organization for project management providing best practices, certifications, and education.

Fiscal Year-End

The completion of a one-year, or 12-month, accounting period that businesses use for financial reporting and budgeting.