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of 9 available terms

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3 Written Questions

3 Multiple Choice Questions

  1. A statement of the assets, liabilities, and net worth of a firm or individual at some given time.
  2. 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. The currency a bank has in its vault and cash drawers.

3 True/False Questions

  1. Required reservesThe amount by which a bank's or thrift's actual reserves exceed its required reserves; actual reserves minus required reserves.

          

  2. 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.

          

  3. 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.

          

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