Multiple Choice
The Roxy Bank of Englewood pools customer deposits and uses the funds to make loans to businesses and households.These businesses and households,now known as the borrowers,pay the bank interest,and the bank,in turn,pays depositors interest for the use of their money.Which of the following would best describe the process used by the bank?
A) Foreign exchange
B) Direct transfer
C) Indirect transfer
D) Barter system
Correct Answer:
Verified
Correct Answer:
Verified
Q66: When the Fed sells government securities,banks have
Q67: Which of the following U.S.institutions is among
Q68: The discount rate is the rate banks
Q69: Savings banks were originally established to make
Q70: Inflationary pressures will begin to build if
Q72: Which are the two largest stock markets
Q73: Life insurance companies tend to invest excess
Q74: Money market instruments are short-term debt securities
Q75: Most investors are members of the NYSE,or
Q76: In the secondary market,firms and governments issue