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The Weekend Quiz – February 10-11, 2018

Summary:
Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blogs I post. See how you go with the following questions. Your results are only known to you and no records are retained. 1. In the endogenous money system that exists today, a central bank cannot simultaneously reduce bank lending and maintain a given positive target interest rate by increasing the rate that it provides reserves on demand to the commercial banks.TrueFalse2. The fact that a sovereign government is never financially constrained means that it will always be able to provide first-class health care to an ageing population should it have the political will to do so.TrueFalse3. Whether the government records a fiscal deficit when the domestic private sector is spending

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Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blogs I post. See how you go with the following questions. Your results are only known to you and no records are retained.

1. In the endogenous money system that exists today, a central bank cannot simultaneously reduce bank lending and maintain a given positive target interest rate by increasing the rate that it provides reserves on demand to the commercial banks.



2. The fact that a sovereign government is never financially constrained means that it will always be able to provide first-class health care to an ageing population should it have the political will to do so.



3. Whether the government records a fiscal deficit when the domestic private sector is spending less than it earns depends on the size of the external deficit.





Bill Mitchell
Bill Mitchell is a Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at the University of Newcastle, NSW, Australia. He is also a professional musician and plays guitar with the Melbourne Reggae-Dub band – Pressure Drop. The band was popular around the live music scene in Melbourne in the late 1970s and early 1980s. The band reformed in late 2010.

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