money, banking, and the fed, multiple choice questions help

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 nation’s 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

=========================

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.