Question 1

When the value of the euro increases compared to the U.S.dollar,the price of U.S.exports to Europe will decrease.

Accepted Answer

A) True 
 B)False

Question 2

Commercial banks offer services to depositors and borrowers.

Accepted Answer

A) True 
 B)False

Question 3

Springfield National Bank holds $200 million in deposits from their customers.If the Fed sets the reserve requirement at 12 percent,Springfield must hold $24 million in cash at the bank or in non-interest-bearing deposits at the local Federal Reserve district bank.

Accepted Answer

A) True 
 B)False

Question 4

Many employers offer direct deposit,as a convenient and cost savings method of distributing employee pay each month.

Accepted Answer

A) True 
 B)False

Question 5

The problem with bartering is:

Accepted Answer

A)  one person in the trade does not feel he/she got a fair shake.
B)  there is a significant amount of corruption in the process,and things get stolen before they are traded.
C)  it is not an easy process,and often cumbersome to carry goods to the place of trade.
D)  it has no place in today's international trading operations.E) A) and D)
F) A) and C)

Exam 20: Money,financial Institutions,and the Federal Reserve

Many employers offer direct deposit,as a convenient and cost savings method of distributing employee pay each month.

Correct Answer
verified

Springfield National Bank holds $200 million in deposits from their customers.If the Fed sets the reserve requirement at 12 percent,Springfield must hold $24 million in cash at the bank or in non-interest-bearing deposits at the local Federal Reserve district bank.

Correct Answer
verified

The problem with bartering is:

Correct Answer
verified

Commercial banks offer services to depositors and borrowers.

Correct Answer
verified

When the value of the euro increases compared to the U.S.dollar,the price of U.S.exports to Europe will decrease.

Correct Answer
verified

Exam 20: Money,financial Institutions,and the Federal Reserve

Many employers offer direct deposit,as a convenient and cost savings method of distributing employee pay each month.

Correct AnswerverifiedShow Answer

Springfield National Bank holds $200 million in deposits from their customers.If the Fed sets the reserve requirement at 12 percent,Springfield must hold $24 million in cash at the bank or in non-interest-bearing deposits at the local Federal Reserve district bank.

Correct AnswerverifiedShow Answer

The problem with bartering is:

Correct AnswerverifiedShow Answer

Commercial banks offer services to depositors and borrowers.

Correct AnswerverifiedShow Answer

When the value of the euro increases compared to the U.S.dollar,the price of U.S.exports to Europe will decrease.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified