3 Written questions
3 Multiple choice questions
- The funds that a bank has on deposit at the Federal Reserve Bank of its district (plus its vault cash).
- The amount by which a bank's or thrift's actual reserves exceed its required reserves; actual reserves minus required reserves.
- 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
Vault cash → A statement of the assets, liabilities, and net worth of a firm or individual at some given time.
Federal funds rate → The interest rate banks and other depository institutions charge one another on overnight loans made out of their excess reserves.
Balance sheet → The currency a bank has in its vault and cash drawers.