{"id":6362,"date":"2009-11-28T02:00:42","date_gmt":"2009-11-27T16:00:42","guid":{"rendered":"https:\/\/billmitchell.org\/blog\/?p=6362"},"modified":"2009-11-28T02:00:42","modified_gmt":"2009-11-27T16:00:42","slug":"saturday-quiz-november-28-2009","status":"publish","type":"post","link":"https:\/\/billmitchell.org\/blog\/?p=6362","title":{"rendered":"Saturday Quiz &#8211; November 28, 2009"},"content":{"rendered":"<p>\t\t\t\tWelcome to the <strong>billy blog Saturday quiz<\/strong>. The quiz tests whether you have been paying attention over the last seven days.<\/p>\n<p>See how you go with the following five questions. Your results are only known to you and no records are retained.<br \/>\n<!--more--><br \/>\n<h4>Quiz #36<\/h4><ul>\n<li>1. The more reserves the commercial banking system has the more likely it is to lend.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>2. The money multiplier concept is predicated on the notion that banks only lend when they have reserves and they get them by attracting deposits.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>3. The saying \"Investment brings forth its own saving\" refers to the fact that the non-government sector is not sovereign in the currency and has to finance its spending.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>4. The private domestic sector overall can never save if there is a current account deficit and the government continually balances its budget.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>5. After a downturn where governments have run large budget deficits, the only way to reduce the stockpile of public debt is for the government to run surpluses in the future.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<\/ul>\n<h3>Sorry, quiz 36 is now closed.<\/h3>\n\t<p> scroll down to  find the answers and explanation below.\n\t<br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/>\n\t<h4>Quiz #36 answers <\/h4><ul>\n<li>1. The more reserves the commercial banking system has the more likely it is to lend.<\/li><p>Answer: False<\/p><p>Explanation: Please read <a href=\"https:\/\/billmitchell.org\/blog\/?p=6336\">An unholy gathering is emerging<\/a> for further information or post a question on the comments page for clarification.<\/p>\n<li>2. The money multiplier concept is predicated on the notion that banks only lend when they have reserves and they get them by attracting deposits.<\/li><p>Answer: True<\/p><p>Explanation: Please read <a href=\"https:\/\/billmitchell.org\/blog\/?p=6336\">An unholy gathering is emerging<\/a> for further information or post a question on the comments page for clarification.<\/p>\n<li>3. The saying \"Investment brings forth its own saving\" refers to the fact that the non-government sector is not sovereign in the currency and has to finance its spending.<\/li><p>Answer: False<\/p><p>Explanation: Please read <a href=\"https:\/\/billmitchell.org\/blog\/?p=6265\">We are in trouble  squirrels are falling down holes<\/a> for further information or post a question on the comments page for clarification.<\/p>\n<li>4. The private domestic sector overall can never save if there is a current account deficit and the government continually balances its budget.<\/li><p>Answer: True<\/p><p>Explanation: Please read <a href=\"https:\/\/billmitchell.org\/blog\/?p=6225\">I guess they didnt want to win the war<\/a> for further information or post a question on the comments page for clarification.<\/p>\n<li>5. After a downturn where governments have run large budget deficits, the only way to reduce the stockpile of public debt is for the government to run surpluses in the future.<\/li><p>Answer: False<\/p><p>Explanation: Please read <a href=\"https:\/\/billmitchell.org\/blog\/?p=6295\">The comeback of conservative ideology<\/a> for further information or post a question on the comments page for clarification.<\/p>\n<\/ul>\n\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to the billy blog Saturday quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following five questions. Your results are only known to you and no records are retained.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[58],"tags":[],"class_list":["post-6362","post","type-post","status-publish","format-standard","hentry","category-saturday-quiz","entry","no-media"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6362"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6362\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}