tb15 - Chapter 15 Multiple Deposit Creation and the Money...

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Unformatted text preview: Chapter 15 Multiple Deposit Creation and the Money Supply Process T Multiple Choice 1) The government agency that oversees the banking system and is responsible for the conduct of monetary policy in the United States is (a) the Federal Reserve System. (b) the United States Treasury. (c) the U.S. Gold Commission. (d) the House of Representatives. (e) none of the above. Answer: A Question Status: Previous Edition 2) Which of the following are depository institutions? (a) Commercial banks (b) Savings and loan associations (c) Mutual savings banks (d) All of the above (e) Only (a) and (b) of the above Answer: D Question Status: Previous Edition 3) Which of the following are depository institutions? (a) Commercial banks (b) Credit unions (c) Federal Reserve banks (d) All of the above (e) Only (a) and (b) of the above Answer: E Question Status: Previous Edition Chapter 15 Multiple Deposit Creation and the Money Supply Process 499 4) Which of the following are depository institutions? (a) Commercial banks (b) Credit unions (c) Savings and loan associations (d) Mutual savings banks (e) All of the above Answer: E Question Status: Previous Edition 5) Individuals that lend funds to a bank by opening a passbook savings account are called (a) policyholders. (b) partners. (c) depositors. (d) debt holders. Answer: C Question Status: Previous Edition 6) Individuals and institutions that hold deposits in banks are called (a) debt holders. (b) residual claimants. (c) bondholders. (d) depositors. (e) policyholders. Answer: D Question Status: Previous Edition 7) A commercial bank is classified as a depository institution because it (a) accepts deposits from individuals. (b) accepts deposits from institutions. (c) makes loans. (d) does all of the above. (e) does both (a) and (b) of the above. Answer: D Question Status: Previous Edition 8) A commercial bank is classified as a depository institution because it (a) accepts deposits from individuals and institutions. (b) makes loans. (c) it is responsible for the conduct of monetary policy. (d) all of the above. (e) does both (a) and (b) of the above. Answer: E Question Status: Previous Edition 500 Frederic S. Mishkin Economics of Money, Banking, and Financial Markets, Seventh Edition 9) Borrowers from depository institutions include (a) individuals who borrow from credit unions. (b) institutions that borrow from banks. (c) institutions that issue bonds purchased by savings and loan associations. (d) all of the above. (e) only (a) and (b) of the above. Answer: D Question Status: Previous Edition 10) Borrowers from depository institutions include (a) institutions that borrow from savings and loans. (b) individuals who borrow from mutual savings banks....
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This note was uploaded on 10/17/2011 for the course ECON 317 taught by Professor Guidry during the Spring '11 term at Nicholls State.

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tb15 - Chapter 15 Multiple Deposit Creation and the Money...

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