1. Rules: You may work with only your partner
The answer must be written on the board. Do not shout out answers.
You only get TWO guesses per question.
After each round is complete, pass the board back to the next pair on your team.
The team that has the most money at the end of the game is the winning team.
When it’s not your turn on the board, you MUST ATTEMPT each question on your own paper. This will be collected at the end of the game.

2. Jeopardy!
LET’S GO!

3. Jeopardy! $100 $200 $300 $400 Intro to Money
Final Jeopardy
Intro to Money
Money Market & Monetary Policy
Three Tools of Monetary Policy
Market for Loanable Funds
Potpourri
$100
$200
$300
$400

4. Intro to Money $100
This is the system where goods and services are traded directly with no money exchanged:

5. Intro to Money $100
The system where goods and services are traded directly with no money exchanged?
The Barter System

6. Intro to Money $200
These are the three functions of money:

7. Intro to Money $200 These are the three functions of money:
A Medium of Exchange
A Unit of Account
A Store of Value

8. Intro to Money $300
Given you lend out $100 for 1 year at 5% interest, the borrower will pay you this much next year.

9. Intro to Money $300
Given you lend out $100 for 1 year at 5% interest, the borrower will pay you this much next year.
$105

10. Intro to Money $400
This type of money is considered to have the highest liquidity.

11. Intro to Money $400
This type of money is considered to have the highest liquidity.
M1 Money

12. Money Market & Monetary Policy $100
The Money Demand Curve has this shape:

13. Money Market & Monetary Policy $100
The Money Demand Curve has this shape:
Downward Sloping

14. Money Market & Monetary Policy $200
For this reason, the money supply curve is vertical

15. Money Market & Monetary Policy $200
For this reason, the money supply curve is vertical.
The Fed sets and adjusts the money supply

16. Money Market & Monetary Policy $300
If the FED shrinks the money supply, this will happen to the AD curve

17. Money Market & Monetary Policy $300
If the FED shrinks the money supply, this will happen to the AD curve
Shift Left

18. Money Market & Monetary Policy $400
These are the entire sequence of what happens to the market given an increase in the Money Supply

19. Money Market & Monetary Policy $400
Describe the entire sequence of what happens to the market given an increase in the Money Supply
1. Interest Rates Decrease
2. Investment Increase
3. AD, GDP and PL increase

20. Three Tools of Monetary Policy $100
These are the FED’s three tools of monetary policy:

21. Three Tools of Monetary Policy $100
These are the FED’s three tools of monetary policy:
Set the Reserve Ratio
Set the Discount Rate
Open Market Operations

22. Three Tools of Monetary Policy $200
We use this formula to calculate the Money Multiplier

23. Three Tools of Monetary Policy $200
We use this formula to calculate the Money Multiplier
1/(Reserve Requirement)

24. Three Tools of Monetary Policy $300
To counteract an inflationary gap, the FED could use this strategy:

25. Three Tools of Monetary Policy $300
To counteract an inflationary gap, the FED could use this strategy
Raise the reserve ratio, increase the discount rate, or sell securities on the open market.

26. Three Tools of Monetary Policy $400
If the reserve requirement is .2 and the FED buys $10 million bonds, this will happen to the money supply

27. Three Tools of Monetary Policy $400
If the reserve requirement is .2 and the FED buys $10 million bonds, this will happen to the money supply
Increase by $50 million

28. Market for Loanable Funds $100
This is the definition for the Federal Funds Rate?

29. Market for Loanable Funds $100
This is the definition for the Federal Funds Rate?
the interest rate that banks charge one another for one-day loans of reserves.

30. Market for Loanable Funds $200
You lend out $100 with 15% interest. Inflation is 12% that year. This is the real interest rate from that transaction

31. Market for Loanable Funds $200
You lend out $100 with 15% interest. Inflation is 12% that year. This is the real interest rate from that transaction 3%

32. Market for Loanable Funds $300
You lend out $100 with 10% interest. Inflation is 13% that year. This person (the borrower or the lender) benefits from this transaction

33. Market for Loanable Funds $300
You lend out $100 with 10% interest. Inflation is 13% that year. This person (the borrower or the lender) benefits from this transaction
The Borrower

34. Market for Loanable Funds $400
Daily Double
Draw and correctly label a loanable funds market. Then draw what will happen given a decrease in deficit spending by the government

35. Market for Loanable Funds $400

36. Potpourri $100
This is the strongest muscle in the human body:

37. Potpourri $100
This is the strongest muscle in the human body:
Tongue

38. Potpourri $200
This is a rock regularly eaten by humans:

39. Potpourri $200
This is a rock regularly eaten by humans:
Salt

40. Potpourri $300
The diameter of earth, rounded to the nearest thousand.

41. Potpourri $300 The diameter of earth, rounded to the nearest thousand.
8000 miles (7918 to be exact)

42. Potpourri $400
This is what the “WD” in WD-40 stands for

43. Potpourri $400
In the product WD-40, the “W” stands for “Water.” What does the “D” stand for?
Water Displacement

44. Final Jeopardy
In order to finance the increase in government spending on national defense, the government borrows funds from the public. Using a correctly labeled graph of the loanable funds market, show the effect of the government’s borrowing on the real interest rate.

45. Final Jeopardy