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3 Written questions

3 Multiple choice questions

  1. The interest rate banks and other depository institutions charge one another on overnight loans made out of their excess reserves.
  2. A reserve requirement that is less than 100 percent of the checkable-deposit liabilities of a commercial bank or thrift institution.
  3. The funds that a bank has on deposit at the Federal Reserve Bank of its district (plus its vault cash).

3 True/False questions

  1. Monetary multiplierThe multiple of its excess reserves by which the banking system can expand checkable deposits and thus the money supply by making new loans (or buying securities); equal to 1 divided by the reserve requirement.


  2. Vault cashA statement of the assets, liabilities, and net worth of a firm or individual at some given time.


  3. Balance sheetThe currency a bank has in its vault and cash drawers.


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