Multiple Choice
The monetary base is the
A) sum of government securities and loans to banks held by the Fed.
B) sum of gold and foreign exchange held by the Fed.
C) sum of coins, Federal Reserve notes, and banks' reserves at the Fed.
D) minimum reserve banks must hold to cover any losses from unpaid loans.
E) sum of coins, required reserves, and banks' loans.
Correct Answer:
Verified
Correct Answer:
Verified
Q74: When the First Bank of Townsville makes
Q75: When the Fed sells $100 million of
Q76: Open market operations are the<br>A)lending of reserves
Q77: An increase in the currency drain ratio<br>A)decreases
Q78: A currency drain is cash<sub>--------------------</sub>and has<sub>--------------------</sub>
Q80: A barter system of payment is<br>A)similar to
Q81: An open market purchase of securities by
Q82: A credit card is<br>A)not money.<br>B)money.<br>C)not money but
Q83: <sub>--------------------</sub>like a check and<sub>--------------------</sub>considered money. <br>A)E-checks work;
Q84: The Fed's policy is determined by the<br>A)Federal