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of 9 available terms

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3 Written Questions

3 Multiple Choice Questions

  1. 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.
  2. A reserve requirement that is less than 100 percent of the checkable-deposit liabilities of a commercial bank or thrift institution.
  3. 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.

3 True/False Questions

  1. Vault cashThe currency a bank has in its vault and cash drawers.

          

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

          

  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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