Semester 2 Final Exam - Part 1

Social Responsibility

• means that individuals and companies have a duty to act in the best interests of the environment and society as a whole.
• empowers employees to leverage the corporate resources at their disposal to do good.
• boost employee morale and leads to greater productivity in the workforce
• All of the above

The United States is divided into ____ Federal Reserve districts.

• 4
• 8
• 12
• 16

What are the three part three parts to the federal reserve.

• Board of Governors
• Twelve Reserved Banks
• Federal Open Market Committee
• All of the above

When year was the Federal Reserve begun

• 1885
• 1913
• 1972
• 2023

Board of Governors has:

• Seven members
• 13 members
• 3 members
• None of the bove

How many times does the Board of Governors meet with the 12 presidents of the reserved banks?

• 8 times per year
• 10 times per year
• 400 times per year
• None of the above

Role of the Reserved Bank include

• Provide Financial Services
• Contribute to montery policies
• Supervise Commercial banks
• All of the above

A personal check with guaranteed payment is a

• cashier's check
• money order
• certified check
• traveler's check

The first document that must be completed when opening a checking account is the

• deposit slip
• reconciliation statement
• check register
• signature card

The Federal Deposit Insurance Corporation (FDIC) insures each account up to

• $50,000
• $100,000
• $250,000
• $1,000,000