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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 interest rate banks and other depository institutions charge one another on overnight loans made out of their excess reserves.
  3. A statement of the assets, liabilities, and net worth of a firm or individual at some given time.

3 True/False questions

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

          

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