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3 Written questions

3 Multiple choice questions

  1. The currency a bank has in its vault and cash drawers.
  2. A reserve requirement that is less than 100 percent of the checkable-deposit liabilities of a commercial bank or thrift institution.
  3. A statement of the assets, liabilities, and net worth of a firm or individual at some given time.

3 True/False questions

  1. Required reservesThe funds that a bank has on deposit at the Federal Reserve Bank of its district (plus its vault cash).

          

  2. Actual reservesThe amount by which a bank's or thrift's actual reserves exceed its required reserves; actual reserves minus required reserves.

          

  3. Excess reservesThe funds that a bank has on deposit at the Federal Reserve Bank of its district (plus its vault cash).

          

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