10 Jul QUESTION 38 THE PART OF THE FEDERAL RESERVE SYSTEM (THE FED) THAT HOLDS THE RESERVE BALANCES OF DEPOSITORY INSTITUTIONS IS THE BOARD OF GOVERNORS.
composed of seven members Show more QUESTION 31 The Board of Governors of the Federal Reserve System is composed of seven members who are appointed by the President and approved by the Senate. composed of 12 members of the Senate and the U.S. House of Representatives. elected by the general public. composed of representatives from the countrys 12 largest commercial banks. 1.11 points QUESTION 32 The Fed is said to be the lender of last resort in that it charges a higher interest rate to borrowers than does any other bank. it functions as the governments bank only when commercial banks fail to do so. it makes loans to individuals whom commercial banks do not believe are credit-worthy. it stands ready to lend to any depository institution that it has decided should not fail. 1.11 points QUESTION 33 The Federal Reserve System acts as the governments fiscal agent by providing checking account services for the government. preparing the budget the President presents to Congress every year. determining how to finance a deficit. auditing taxpayers. 1.11 points QUESTION 34 The Federal Reserve System was established in which year? 1913. 1929. 1865. 1941. 1.11 points QUESTION 35 By serving as the lender of last resort the Fed provides check clearing services. the Fed aids in the sale of government securities. the Fed supervises depository institutions. the Fed can prevent bank failures. 1.11 points QUESTION 36 Depository institutions must use and pay for the services of the Federal Reserve System. set their interest rates according to schedules established by the Federal Reserve System. keep a certain percentage of their deposits as reserves. turn over a percentage of their profits to the Federal Reserve System as payment for services provided by the Fed. 1.11 points QUESTION 37 The Federal Reserve System has 50 district banks. 24 district banks. 12 district banks. 7 district banks. 1.11 points QUESTION 38 The part of the Federal Reserve System (the Fed) that holds the reserve balances of depository institutions is the Board of Governors. the Federal Advisory Committee. the Federal Open Market Committee. the Federal Reserve district banks. 1.11 points QUESTION 39 The potential for a financial breakdown at one financial institution to spread throughout the financial system is known as a systemic risk. liquidity risk. lending risk. moral hazard. 1.11 points QUESTION 40 A system in which depository institutions hold reserves that are less than the amount of total deposits is called fiat money banking. required reserve banking. fractional reserve banking. central banking system. 1.11 points QUESTION 41 Total reserves of private banks are all customer deposits. the minimum amount banks need to hold against time deposits. federal reserve notes. deposits held at the Fed and vault cash. 1.11 points QUESTION 42 A statement of assets and liabilities of any business entity is called a cash flow statement. an income statement. a balance sheet. a statement of net worth. 1.11 points QUESTION 43 Which of the following actions has no effect on the total money supply? The Federal Open Market Committee buys government securities. There is a transfer of deposits from one bank to another bank. There is change in the money multiplier. The Federal Open Market Committee sells government securities. 1.11 points QUESTION 44 Given a required reserve ratio of 20 percent a commercial bank that has received a new deposit of $100 can make additional loans of $80. $0. $400. $20. 1.11 points QUESTION 45 The Federal Open Market Committee has responsibility for appointing members to the Board of Governors of the Federal Reserve system. issuing orders to buy or sell government securities for the Fed. advising the Treasury Department on monetary policy. printing money. Show less
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.