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31.The Discount Window

a. is a common way for depository institutions to raise loanable funds

b. relates to the Fed’s “lender of last resort” function

c. is a relatively recent innovation in the design of the Federal Reserve System

d. is available only during emergencies

 

32.  The Fed’s most important duty is to

a. regulate national banks

b. print currency

c. establish the nation’s monetary policy

d. stimulate the economy

 

33.  The major asset of the Federal Reserve is

a.  The U.S. Treasury securities

b.  Depository institution reserves

c.  Currency outside banks

d.  Vault cash of commercial banks

e.  Gold and foreign exchange

 

34. The Fed changes reserve requirements from 10% to 7%, thereby creating $900 million in                             excess reserves.  The total change in deposits (with no drains) would be

a.  $3,000 million

b.  $12,857 million

c.  $13,652 million

d.  $15,795 million

 

              35. Nationally chartered banks receive chartering and merger approval from the

a. Federal Deposit Insurance Corporation

b. Office of Comptroller of the Currency

c. Federal Reserve System

d. Office of Thrift Supervision

 

36.  The fed funds rate is the rate that

a.  Banks charge each other on loans of excess reserves

b.  Banks charge to lend foreign exchange to customers

c.  The Federal Reserve charges on emergency loans to commercial banks

d.  Banks charge for loans to corporate customers

 

 

 

 

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