money, banking, and the fed, multiple choice questions help
Description
For this assignment, you MUST double check that ALL answers are correct.
________ measures that portion of the money supply most easily used as a medium of exchange.
M1
M2
M3
M4
============================
Currency backed by government bonds is ________.
a gold certificate
a national bank
a national currency
a government currency
===========================
The National Banking System was created after World War II.
True
False
========================
Who issued the bank holiday?
President Roosevelt
President Wilson
President Kennedy
President Obama
============================
What was created as preventative measures due to bank failures in the 1930s?
FDIC
bank holiday
Federal Reserve notes
There were no preventative measures taken after the bank failures.
=============================
The government owns the nations central bank.
True
False
========================
In a _________, banks are required to keep only a portion of their total deposits in the form of legal reserves.
excess reserve
fractional reserve system
bank run
bank holiday
=======================
The ____________ advises the Board of Governors in the Fed.
president of the U.S.
U.S. Treasury secretary
Advisory Committee
None of the above
=====================
How many members are on the Board of Governors in the Fed?
4
3
7
10
=========================
The Federal Reserve is a corporation that is not a part of any branch in the government.
True
False
=========================
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