Homework Answers
C. May choose to be members of the Federal Reserve System.
Banks can be part of federal reserve system. If they are not part of it, they are supervised by Federal Deposit Insurance Corporation.
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State-chartered commercial banks A. Must be members of the Federal Reserve System. B. Are not allowed...
39. The Federal Reserve Act required all banks to become members of the Federal Reserve System,...
39. The Federal Reserve Act required all banks to become members of the Federal Reserve System, while _banks could choose to become members of the system. (a) state; national (b) state; municipal (c) national; state (d) national, municipal 40. The Glass-Steagall Act prohibited commercial banks from (a) issuing equity to finance bank expansion. (b) engaging in underwriting of and dealing in corporate securities (c) selling new issues of government securities. (d) purchasing any debt securities 41. Which of the following...
Excess reserves of commercial banks which are deposited with Federal Reserve Banks are referred to as:...
Excess reserves of commercial banks which are deposited with Federal Reserve Banks are referred to as: (A) discount funds (B) certificates of deposit (C) excess equity funds (D) federal funds
of the Federal Reserve 18. The Federal Open Market Committee (FOMC) is made up of: A)...
of the Federal Reserve 18. The Federal Open Market Committee (FOMC) is made up of: A) the chair of the Board of Governors along with the 12 presidents of the Fede ent of the New York al Reserve System along with Banks. B) the seven members of the Board of Governors along with the president of the Federal Reserve Bank. C) the seven members of the Board of Governors of the Federal Reserve S the three members of the Council...
Member Banks of the Federal Reserve System: (a) are permitted to count vault cash as part...
Member Banks of the Federal Reserve System: (a) are permitted to count vault cash as part of their reserves (b) must maintain all reserves with their Federal Reserve bank (c) may include deposits held at large city banks as legal reserves (d) maintain levels of reserves based on the size of the city in which they are located
The structure of the Federal Reserve includes 1. all commercial banks 2. the twelve district banks...
The structure of the Federal Reserve includes 1. all commercial banks 2. the twelve district banks 3. the Board of Governors a. 1, 2, and 3 b. 1 and 3 c. 1 and 2 d. 2 and 3
a) Show the changes to the balance sheets for commercial banks when the Federal Reserve buys...
a) Show the changes to the balance sheets for commercial banks when the Federal Reserve buys $50 million in us Treasury Bills. If the public holds a fixed amount of currency (so that all loans create an equal amount of deposits in the banking system , the minimum reserve requirement is 5%, by how much will checkable bank deposits in commercial banks change? b) Now suppose that the Fed raises the discount rate significantly. How would you expect this to...
1) Members of the seven-member Board of Governors of the Federal Reserve System are appointed for...
1) Members of the seven-member Board of Governors of the Federal Reserve System are appointed for _________, while the Chairman of the Board of Governors is appointed for __________. Select one: A. a fourteen year term of office; a four year term of office with reappointment possible B. an indefinite term of office; a one-time four year term of office C. a fourteen year term of office; a one-time four year term of office D. an indefinite term of office;...
71. Which of the following is the basic economic policy function of the Federal Reserve Banks?...
71. Which of the following is the basic economic policy function of the Federal Reserve Banks? A. holding the deposits or reserves of commercial banks B. acting as fiscal agents for the Federal government C. controlling the supply of money D. the collection or clearing of checks among commercial banks
The regional Federal Reserve Banks are each headed by a member of the Board of Governors....
The regional Federal Reserve Banks are each headed by a member of the Board of Governors. have more voting members on the FOMC than does the Board of Governors. regulate banks in their regions. are not allowed to make loans to banks in their region
1. Why was the Federal Reserve System set up with twelve regional Federal Reserve Banks, rather...
1. Why was the Federal Reserve System set up with twelve regional Federal Reserve Banks, rather than one central bank as in other countries? 2. Which entities in the Federal Reserve System control the discount rate? Reserve requirements? Open market operations? 3. In what ways can the regional Federal Reserve Banks influence the conduct of monetary policy? 4. How is the president of the United States able to exert influence over the Federal Reserve?
39. The Federal Reserve Act required all banks to become members of the Federal Reserve System, while _banks could choose to become members of the system. (a) state; national (b) state; municipal (c) national; state (d) national, municipal 40. The Glass-Steagall Act prohibited commercial banks from (a) issuing equity to finance bank expansion. (b) engaging in underwriting of and dealing in corporate securities (c) selling new issues of government securities. (d) purchasing any debt securities 41. Which of the following...
Excess reserves of commercial banks which are deposited with Federal Reserve Banks are referred to as: (A) discount funds (B) certificates of deposit (C) excess equity funds (D) federal funds
of the Federal Reserve 18. The Federal Open Market Committee (FOMC) is made up of: A) the chair of the Board of Governors along with the 12 presidents of the Fede ent of the New York al Reserve System along with Banks. B) the seven members of the Board of Governors along with the president of the Federal Reserve Bank. C) the seven members of the Board of Governors of the Federal Reserve S the three members of the Council...
a) Show the changes to the balance sheets for commercial banks when the Federal Reserve buys $50 million in us Treasury Bills. If the public holds a fixed amount of currency (so that all loans create an equal amount of deposits in the banking system , the minimum reserve requirement is 5%, by how much will checkable bank deposits in commercial banks change? b) Now suppose that the Fed raises the discount rate significantly. How would you expect this to...
71. Which of the following is the basic economic policy function of the Federal Reserve Banks? A. holding the deposits or reserves of commercial banks B. acting as fiscal agents for the Federal government C. controlling the supply of money D. the collection or clearing of checks among commercial banks
The regional Federal Reserve Banks are each headed by a member of the Board of Governors. have more voting members on the FOMC than does the Board of Governors. regulate banks in their regions. are not allowed to make loans to banks in their region
1. Why was the Federal Reserve System set up with twelve regional Federal Reserve Banks, rather than one central bank as in other countries? 2. Which entities in the Federal Reserve System control the discount rate? Reserve requirements? Open market operations? 3. In what ways can the regional Federal Reserve Banks influence the conduct of monetary policy? 4. How is the president of the United States able to exert influence over the Federal Reserve?
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