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3 Written questions

3 Multiple choice questions

  1. 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.
  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 a bank has on deposit at the Federal Reserve Bank of its district (plus its vault cash).

3 True/False questions

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

          

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

          

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

          

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