Quiz_8 - Review Assessment: Quiz 8 Question 1 Selected...

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Review Assessment: Quiz 8 Question 1 2 out of 2 points When the receipts given by goldsmiths to depositors were used to make purchases: Selected Answer: the receipts became in effect paper money. Correct Answer: the receipts became in effect paper money. Question 2 2 out of 2 points Which one of the following is presently a major deterrent to bank panics in the United States? Selected Answer: deposit insurance Correct Answer: deposit insurance Question 3 2 out of 2 points Most modern banking systems are based on:
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Selected Answer: fractional reserves. Correct Answer: fractional reserves. Question 4 2 out of 2 points The reserves of a commercial bank consist of: Selected Answer: deposits at the Federal Reserve Bank and vault cash. Correct Answer: deposits at the Federal Reserve Bank and vault cash. Question 5 2 out of 2 points A commercial bank's reserves are:
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Selected Answer: assets to the commercial bank and liabilities to the Federal Reserve Bank holding them. Correct
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Quiz_8 - Review Assessment: Quiz 8 Question 1 Selected...

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