NAME: ________________________

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of 9 available terms

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

3 True/False Questions

  1. Reserve ratioThe currency a bank has in its vault and cash drawers.

          

  2. Monetary multiplierThe currency a bank has in its vault and cash drawers.

          

  3. Balance sheetA statement of the assets, liabilities, and net worth of a firm or individual at some given time.

          

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