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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 funds that a bank has on deposit at the Federal Reserve Bank of its district (plus its vault cash).
  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. Monetary multiplierThe currency a bank has in its vault and cash drawers.

          

  2. Fractional reserve banking systemThe funds that a bank has on deposit at the Federal Reserve Bank of its district (plus its vault cash).

          

  3. Excess reservesThe funds that a bank has on deposit at the Federal Reserve Bank of its district (plus its vault cash).