Test 10 - except Correct Answer money insurance Question 7 1 out of 1 points Coordinated by a board of the Federal Reserve System consists of 12

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Question 1 1 out of 1 points Money serves all of the following basic functions except ________. Correct Answer: medium of barter Question 2 1 out of 1 points For financial transactions to occur, money must ________. Correct Answer: change hands Question 3 1 out of 1 points The FDIC regulates banks and insures deposits in member banks up to $100,000. Correct Answer: True Question 4 1 out of 1 points All of the following are depository institutions except ________. Correct Answer: brokerage firms Question 5 1 out of 1 points The ________ rate is the rate of interest that the Fed charges member banks. Correct Answer: discount Question 6 1 out of 1 points All of the following are among the Fed's three major goals
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Unformatted text preview: except ________. Correct Answer: money insurance Question 7 1 out of 1 points Coordinated by a board of ________, the Federal Reserve System consists of 12 districts, each with a member-owned Federal Reserve Bank. Correct Answer: governors Question 8 1 out of 1 points Your ________ schedule is the schedule by which you'll reduce the balance of your debt. Correct Answer: amortization Question 1 out of 1 points 9 When Pete Peterson took out a small business loan, the bank asked for security in the form of ________. Correct Answer: collateral Question 10 1 out of 1 points Stockholders' equity is also called owner's equity . Correct Answer: True...
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This note was uploaded on 02/10/2011 for the course BUSINESS 100 taught by Professor Notsure during the Spring '07 term at Edmonds Community College.

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Test 10 - except Correct Answer money insurance Question 7 1 out of 1 points Coordinated by a board of the Federal Reserve System consists of 12

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