33) Which of the following is true of an agency office of a foreign bank? ______
ID: 1235245 • Letter: 3
Question
33)Which of the following is true of an agency office of a foreign bank?
______
A)
They are subject to the requirements for FDIC insurance.
B)
It can make loans in the United States.
C)
It may accept deposits from U.S. residents.
D)
It may not transfer funds to the United States.
36)
If banks hold no excess reserves, checkable deposits total $1.5 billion, currency totals $400 million, and the required reserve ratio is 10%, then the monetary base equals
36)
______
A)
$550 million.
B)
$1.9 billion
C)
$15 billion.
D)
$1.54 billion.
37)
Which of the following statements is correct?
______
A)
The Fed has complete control over the volume of both discount loans and open market operations.
B)
The Fed completely controls the volume of open market operations.
C)
The Fed's control over discount lending is more complete than its control over open market operations.
D)
The volume of open market operations is determined jointly by the actions of the Fed, the banking system, and the nonbank public.
38)
Which of the following expressions is correct?
______
A)
BR = + B
B)
= B + BR
C)
B = + BR
D)
= -BR - B
42) The primary reason the Fed makes discount loans to banks is to
______
A)
earn interest.
B)
help increase bank profitability.
C)
help banks overcome short-term liquidity problems.
D)
carry out monetary policy.
Explanation / Answer
33)
Which of the following is true of an agency office of a foreign bank?
______
A) They are subject to the requirements for FDIC insurance.
B) It can make loans in the United States.
C) It may accept deposits from U.S. residents.
D) It may not transfer funds to the United States.
36) If banks hold no excess reserves, checkable deposits total $1.5 billion, currency totals $400 million, and the required reserve ratio is 10%, then the monetary base equals
A) $550 million.
B) $1.9 billion
C) $15 billion.
D) $1.54 billion.
37)Which of the following statements is correct?
A) The Fed has complete control over the volume of both discount loans and open market operations.
B) The Fed completely controls the volume of open market operations.
C) The Fed's control over discount lending is more complete than its control over open market operations.
D) The volume of open market operations is determined jointly by the actions of the Fed, the banking system, and the nonbank public.
38) Which of the following expressions is correct?
______
A) BR = + B
B) = B + BR
C) B = + BR
D) = -BR - B
42) The primary reason the Fed makes discount loans to banks is to
A) earn interest.
B) help increase bank profitability.
C) help banks overcome short-term liquidity problems.
D) carry out monetary policy.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.