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The Weekend Quiz – July 20-21, 2019

Summary:
Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blog posts that I post. See how you go with the following questions. Your results are only known to you and no records are retained. 1. For nations enjoying strong terms of trade (and external surplus), it is sensible for the government to run fiscal surpluses and accumulate them in a sovereign fund to create more space for non-inflationary spending in the future.TrueFalse2. A sovereign national government, that is, one that issues its own floating currency faces no solvency risk with respect to the debt it issues.TrueFalse3. It would be impossible for a central bank to directly purchase treasury debt to facilitate the national government's fiscal deficit while still targeting a

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

1. For nations enjoying strong terms of trade (and external surplus), it is sensible for the government to run fiscal surpluses and accumulate them in a sovereign fund to create more space for non-inflationary spending in the future.



2. A sovereign national government, that is, one that issues its own floating currency faces no solvency risk with respect to the debt it issues.



3. It would be impossible for a central bank to directly purchase treasury debt to facilitate the national government's fiscal deficit while still targeting a positive short-term policy rate.





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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