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of 9 available terms

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3 Written questions

3 Multiple choice questions

  1. The amount by which a bank's or thrift's actual reserves exceed its required reserves; actual reserves minus required reserves.
  2. A statement of the assets, liabilities, and net worth of a firm or individual at some given time.
  3. 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

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

          

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

          

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