24. The Federal Reserve System was created in a. 1923 by the N 1933 by the Feder
ID: 1118389 • Letter: 2
Question
24. The Federal Reserve System was created in a. 1923 by the N 1933 by the Federal Banking Act d. c. 1946 by the National Reserve B 25. The state of a. District 11 with the Foderal b. Bank in Dallas District 8 with the Federal Reserve Bank in St. Louis Bank in Kansas City d. District 10 with the Federal Reserve Bank in Dalas a. The Fed d. Exchange-rate markets 26. Currencies of different countries are traded in what is referred to as markets n business wishes to purchase goods from Japan, what must they do first to complete the purchase? a. They must convert yen to dollars b. They must convert dollars to yen c. They must bargain to determine the exchange rate d. The Fed will transfer the funds 28. The e a. The supply of dollars on the market b. The demand for dollars on the market c. The supply and demand of the other currency on the market d. All of the above 29. Which of the f will NOT cause the value of the dollar to rise? a. If the demand for dollars rise b. If the supply of dollars decreases c. A major recession occurs in the United States d. Interest on U.S. securities increases 30. When one currency loses value relative to another, we say that the currency has in value b. Depreciated in value ated currency then has 31. When one currency gains value relative to another, the other a. Lost value b. Gained value c. Not changed in value d. Cannot be determinedExplanation / Answer
Ans)
24.
b.1913 by the Federal Reserve Act.
The Federal Reserve Bank was created in 1913 by the Federal Reserve Act.
25.
c. District 10 with the Federal Reserve Bank in Kansas City.
The Oklahama lies under Kansas City Federal Reserve Bank.The Kansas City Federal Reserve Bank falls under the Kansas City.
26.
c. foreign exchange markets
Foreign exchange markets are the markets in which one can buy,sell and speculate the currencies.
27.
c. They must bargain to determine the exchnage rate
The first step to purchasing the goods is to determine the exchange rate.Then covert dollars to yen.
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