322-11

  1. The federal funds rate tends to be stable on a daily basis, moving closely with other money market rates.  

    A) True  
    B) False
    B) False
  2. Under the lagged reserve accounting system currently employed by the Federal Reserve System to calculate transaction deposit reserve requirements, the reserve computation and reserve maintenance periods overlap only partially.  

    A) True  
    B) False
    B) False
  3. Correspondent deposits at large banks are outside of the federal funds market.  

    A) True  
    B) False
    B) False
  4. A check drawn on a bank's reserve account at the Federal Reserve Bank in its district is payable in 3 days.  

    A) True  
    B) False
    B) False
  5. A primary use of bankers' acceptances is to finance the purchase of internationally traded goods while those goods are in transit.  

    A) True  
    B) False
    B) False
  6. During the credit crisis of 2007-2009, the FDIC set its U.S. deposit insurance fee for financially sound money-center banks at:  





    C) 0.0004 cents per dollar.  
  7. Small banks loan money in the federal funds market through a process called:  





    B) correspondent rebooking.
  8. Adjustable-rate CDs are financial instruments that:  





    A) may extend up to 36 months and maturity.
  9. The Commercial Paper Funding Facility set up by the Federal Reserve during the financial crisis of 2007-2009 purchased:  





    E) none of the above
  10. The Eurocurrency market:  






    A) is a market for foreign currency by domestic banks.
Author
SAngell3
ID
222697
Card Set
322-11
Description
322-11
Updated