Multiple Choice
The Federal Reserve System provides banking services to ________ because ________.
A) consumers and businesses;it is a central bank with responsibilities to the entire U.S.population
B) banks and businesses;it is a central bank with the primary purpose of regulating financial institutions and markets
C) commercial banks;it is a central bank with the primary purpose of regulating financial institutions and markets
D) no one;it is a central bank with the primary purpose of regulating financial markets
E) FDIC insured banks;they are the ones that have paid their membership fees and the only ones the U.S.central bank guarantees
Correct Answer:

Verified
Correct Answer:
Verified
Q157: Which of the following lists includes only
Q158: For an asset to be a "means
Q159: Bank One has reserves of $100,000,government securities
Q160: Suppose the desired reserve ratio is 10
Q161: What is larger: M1 or M2? Why?
Q163: Fiat money means<br>A)Italian currency.<br>B)money's value does not
Q164: In response to the financial crisis in
Q165: The function of money that helps assess
Q166: Money serves as a<br>A)means of payment,legal obligation,and
Q167: The required reserve ratio is 10 percent