3 Written questions
3 Multiple choice questions
- The amount by which a bank's or thrift's actual reserves exceed its required reserves; actual reserves minus required reserves.
- A statement of the assets, liabilities, and net worth of a firm or individual at some given time.
- The funds that banks and thrifts must deposit with the Federal Reserve Bank (or hold as vault cash) to meet the legal reserve requirement; a fixed percentage of the bank's or thrift's checkable deposits.
3 True/False questions
Vault cash → The currency a bank has in its vault and cash drawers.
Federal funds rate → The fraction of checkable deposits that a bank must hold as reserves in a Federal Reserve Bank or in its own bank vault; also called the reserve requirement.
Monetary multiplier → The currency a bank has in its vault and cash drawers.