Economics of Money, Banking, and Financial Markets, 11e, Global Edition (Mishkin) Chapter 15 The Money Supply Process
15.1 Three Players in the Money Supply Process
1) The government agency that overes the banking system and is responsible for the conduct of monetary policy in the United States is
A) the Federal Rerve System.
B) the United States Treasury.
C) the U.S. Gold Commission.
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D) the Hou of Reprentatives.
Answer: A
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2) Individuals that lend funds to a bank by opening a checking account are called
A) policyholders.
B) partners.
C) depositors.
D) debt holders.
Answer: C
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3) The three players in the money supply process include
A) banks, depositors, and the U.S. Treasury.
B) banks, depositors, and borrowers.
C) banks, depositors, and the central bank.
D) banks, borrowers, and the central bank.
Answer: C
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4) Of the three players in the money supply process, most obrvers agree that the most important player is
A) the United States Treasury.
B) the Federal Rerve System.
C) the FDIC.
D) the Office of Thrift Supervision.
说明方法及作用Answer: B
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15.2 The Fed's Balance Sheet
1) Both ________ and ________ are Federal Rerve asts.
A) currency in circulation; rerves
B) currency in circulation; curities
C) curities; loans to financial institutions
D) curities; rerves
Answer: C
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2) The monetary liabilities of the Federal Rerve include
A) curities and loans to financial institutions.
B) currency in circulation and rerves.
C) curities and rerves.
D) currency in circulation and loans to financial institutions.
Answer: B
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94年多大了3) Both ________ and ________ are monetary liabilities of the Fed.
A) curities; loans to financial institutions
B) currency in circulation; rerves
C) curities; rerves
D) currency in circulation; loans to financial institutions
Answer: B
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4) The sum of the Fed's monetary liabilities and the U.S. Treasury's monetary liabilities is called
A) the money supply.
B) currency in circulation.
C) bank rerves.
D) the monetary ba.
荔枝阅读Answer: D
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5) The monetary ba consists of
A) currency in circulation and Federal Rerve notes.
B) currency in circulation and the U.S. Treasury's monetary liabilities.
C) currency in circulation and rerves.
D) rerves and Federal Rerve Notes.
Answer: C
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6) Total rerves minus bank deposits with the Fed equals
A) vault cash.
B) excess rerves.
C) required rerves.
D) currency in circulation.
Answer: A
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7) Rerves are equal to the sum of
A) required rerves and excess rerves.
B) required rerves and vault cash rerves.
C) excess rerves and vault cash rerves.
D) vault cash rerves and total rerves.
Answer: A
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8) Total rerves are the sum of ________ and ________.
A) excess rerves; borrowed rerves
B) required rerves; currency in circulation
C) vault cash; excess rerves
D) excess rerves; required rerves
Answer: D
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9) Excess rerves are equal to
A) total rerves minus discount loans.
B) vault cash plus deposits with Federal Rerve banks minus required rerves.
C) vault cash minus required rerves.
D) deposits with the Fed minus vault cash plus required rerves.
Answer: B
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10) Total Rerves minus vault cash equals
A) bank deposits with the Fed.
B) excess rerves.
C) required rerves.
D) currency in circulation.
Answer: A
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11) The amount of deposits that banks must hold in rerve is
A) excess rerves.
B) required rerves.
C) total rerves.
D) vault cash.
Answer: B
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12) The percentage of deposits that banks must hold in rerve is the
A) excess rerve ratio.
B) required rerve ratio.
C) total rerve ratio.
D) currency ratio.
Answer: B
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13) Suppo that from a new checkable deposit, First National Bank holds two million dollars in vault cash, eight million dollars on deposit with the Federal Rerve, and one million dollars in required rerves. Given this information, we can say First National Bank has ________ million dollars in excess rerves.
A) three
B) nine
C) ten
D) eleven
Answer: B
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14) Suppo that from a new checkable deposit, First National Bank holds two million dollars in vault cash, eight million dollars on deposit with the Federal Rerve, and one million dollars in required rerves. Given this information, we can say First National Bank faces a required rerve ratio of ________ percent.
A) ten
B) twenty
C) eighty
D) ninety
Answer: A
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15) Suppo that from a new checkable deposit, First National Bank holds two million dollars in vault cash, eight million dollars on deposit with the Federal Rerve, and nine million dollars in excess rerves. Given this information, we can say First National Bank has ________ million dollars in required rerves.
A) one
早安心语正能量一句话B) two
C) eight
D) ten
Answer: A
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16) Suppo that from a new checkable deposit, First National Bank holds two million dollars in vault cash, eight million dollars on deposit with the Federal Rerve, and nine million dollars in excess rerves. Given this information, we can say First National Bank faces a required rerve ratio of ________ percent.
A) ten
B) twenty
C) eighty
D) ninety
Answer: A
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17) Suppo that from a new checkable deposit, First National Bank holds eight million dollars on deposit with the Federal Rerve, one million dollars in required rerves, and faces a required rerve ratio of ten percent. Given this information, we can say First National Bank has ________ million dollars in excess rerves.
A) two
B) eight
C) nine
D) ten
Answer: C
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18) Suppo that from a new checkable deposit, First National Bank holds eight million dollars on deposit with the Federal Rerve, one million dollars in required rerves, and faces a required rerve ratio of ten percent. Given this information, we can say First National Bank has ________ million dollars in vault cash.
嫪毐之乱A) two
B) eight
C) nine
D) ten
Answer: A
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19) Suppo that from a new checkable deposit, First National Bank holds two million dollars in vault cash, nine million dollars in excess rerves, and faces a required rerve ratio of ten percent. Given this information, we can say First National Bank has ________ million dollars in required rerves.
A) one
B) two
C) eight
D) ten
Answer: A
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