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

          

  2. Federal funds rateThe interest rate banks and other depository institutions charge one another on overnight loans made out of their excess reserves.

          

  3. Balance sheetThe currency a bank has in its vault and cash drawers.