4) The sum of the Fedʹs monetary liabilities and the U.S. Treasuryʹs monetary liabilities is called

C) bank reservesB) currency in circulation

5) The monetary base consists of

C) currency in circulation and reserves.

A) currency in circulation and Federal Reserve notes

B) currency in circulation and the U.S. Treasuryʹs monetary liabilities

C) currency in circulation and reserves.

7) Reserves are equal to the sum of

A) required reserves and excess reserves

B) required reserves and vault cash reserves.

C) excess reserves and vault cash reserves.

D) vault cash reserves and total reserves

8) Total reserves are the sum of ________ and ________.

D) excess reserves; required reserves

A) excess reserves; borrowed reserves

B) required reserves; currency in circulation

9) Excess reserves are equal to

B) vault cash plus deposits with Federal Reserve banks minus required reserves.

A) total reserves minus discount loans

C) vault cash minus required reserves.

D) deposits with the Fed minus vault cash plus required reserves.

14) The effect of an open market purchase on reserves differs depending on how the seller of the bonds keeps the proceeds. If the proceeds are kept in currency, the open market purchase ________ reserves; if the proceeds are kept as deposits, the open market purchase ________ reserves

A) has no effect on; has no effect on

15) When an individual sells a $100 bond to the Fed, she may either deposit the check she receives or cash it for currency. In both cases

B) high-powered money increases.

D) high-powered money decreases.

16) If a member of the nonbank public sells a government bond to the Federal Reserve in exchange for currency, the monetary base will ________, but ________.

D) rise; reserves will remain unchanged

A) remain unchanged; reserves will fall

B) remain unchanged; reserves will rise

C) rise; currency in circulation will remain unchanged

18) For which of the following is the change in reserves necessarily different from the change in the monetary base?

C) Open market purchases from an individual who cashes the check

A) Open market purchases from a bank

B) Open market purchases from an individual who deposits the check in a bank

C) Open market purchases from an individual who cashes the check

19) When a member of the nonbank public withdraws currency from her bank account,

D) bank reserves fall, but the monetary base remains unchanged.

A) both the monetary base and bank reserves fall.

B) both the monetary base and bank reserves rise.

C) the monetary base falls, but bank reserves remain unchangedD) bank reserves fall, but the monetary base remains unchanged.

20) When a member of the nonbank public deposits currency into her bank account,

D) bank reserves rise, but the monetary base remains unchanged

A) both the monetary base and bank reserves fall.

B) both the monetary base and bank reserves rise

C) the monetary base falls, but bank reserves remain unchanged.

chapter 14

Authored by Hà Danh

English

University

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1) The government agency that oversees the banking system and is responsible for the conduct of monetary policy in the United States is

B) the United States Treasury

C) the U.S. Gold Commission

D) the House of Representatives

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2) Individuals that lend funds to a bank by opening a checking account are called

A) policyholders

B) partners.

C) depositors.

D) debt holders.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3) The three players in the money supply process include

A) banks, depositors, and the U.S. Treasury.

B) banks, depositors, and borrowers.

C) banks, depositors, and the central bank.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4) Of the three players in the money supply process, most observers agree that the most important player is

A) the United States Treasury

B) the Federal Reserve System

C) the FDIC

D) the Office of Thrift Supervision.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1) Both and are Federal Reserve assets.

A) currency in circulation; reserves

B) currency in circulation; government securitie

C) government securities; discount loans

D) government securities; reserves

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2) The monetary liabilities of the Federal Reserve include

A) government securities and discount loans

B) currency in circulation and reserves.

C) government securities and reserves

D) currency in circulation and discount loans

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3) Both and are monetary liabilities of the Fed.

A) government securities; discount loans

B) currency in circulation; reserves

C) government securities; reserves

D) currency in circulation; discount loans

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chapter 14

1) The government agency that oversees the banking system and is responsible for the conduct of monetary policy in the United States is

2) Individuals that lend funds to a bank by opening a checking account are called

3) The three players in the money supply process include

4) Of the three players in the money supply process, most observers agree that the most important player is

1) Both ________ and ________ are Federal Reserve assets.

2) The monetary liabilities of the Federal Reserve include

3) Both ________ and ________ are monetary liabilities of the Fed.

4) The sum of the Fedʹs monetary liabilities and the U.S. Treasuryʹs monetary liabilities is called

5) The monetary base consists of

6) Total reserves minus bank deposits with the Fed equals

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1) Both and are Federal Reserve assets.

3) Both and are monetary liabilities of the Fed.