Banking system 2

What is unproductive lending?

• loans that don't help create more goods and services.

• loans that are very expensive.

If a company buys another company outright or accumulates enough shares to take a controlling interest, the deal is described as an …

• acquisition

• leverage buyout

A company that provides cash in return for a postdated check …

• payday lender

• debt collector

How do you call the process of taking an illiquid asset or group of assets and transforming them into security?

• centralization

• securitization

When we borrow money from financial institutions we take a …

• loan

• deposit

The main goals of Fed's monetary policy?

pls choose 3

• moderate long-term interest rates

• promote maximum employment,

• stable prices

• lower inflation

Jerome H. Powell started his term at Fed in ___

• 2018

• 2022

How do you call the main bank in the country which distributes currency?

• Central bank

• Local bank

In the US, _____is the body of the Federal Reserve System that sets national monetary policy. Its makes all decisions regarding the conduct of open market operations

• Federal Open Market Committee

• Monetary Policy Committee

how long is the term of members of the Board of Governors (at FED)

• 7 years

• 14 years