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3 Written questions

3 Multiple choice questions

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

          

  2. Reserve ratioA statement of the assets, liabilities, and net worth of a firm or individual at some given time.

          

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