Can the fed create money - Study guides, Class notes & Summaries

Econ 203 Midterm Exam Actual Questions and Answers Complete 1. Commercial banks create money by: A. printing them. B. keeping a fraction of deposits as reserves and lending the rest. C. they do not, only the central bank can create money. D. none of the above. 2. What is the role of a commercial bank? A. To maximize profits for its shareholders B. To take customers’ deposits and make loans C. To create money through the banking system D. All the answers are correct 3. Which of th...

Each discount point paid to the lender will increase the lender's yield (return) by approximately 1/8 of 1 percent. TRUE. Florida statute requires that the mortgagee send the recorded satisfaction to the mortgagor within 60 days. State-chartered commercial banks must display the word "National" somewhere in their name. FALSE. Commercial banks chartered by the federal government must display the word "National" or the initials "N.A." somewhere in their name. Deposit account...

Each discount point paid to the lender will increase the lender's yield (return) by approximately 1/8 of 1 percent. TRUE. Florida statute requires that the mortgagee send the recorded satisfaction to the mortgagor within 60 days. State-chartered commercial banks must display the word "National" somewhere in their name. FALSE. Commercial banks chartered by the federal government must display the word "National" or the initials "N.A." somewhere in their name. Deposit account...

Foolproof Module 5 notes Questions and Answers 100- Correct You need to know who might protect you if you get ripped off. Who regulates and watches all this checking account and financial transaction stuff? The Federal Reserve Bank (aka "The Fed") You probably won't ever deal with the Federal Reserve directly. - The Fed isn't actually a bank you can walk into and deposit your paycheck. It is the central bank of the United States, created and overseen by Congress. It provides our count...

MIE 305 Exam 2 Questions And Answers 100% Verified Why did richard henry lee propose a "system of confederation" after winning freedom from britain? - answerit was difficult to sell any other power base to the people because they had just escaped britain confederal system - answertwo forms of government (state and federal) where lower levels are supreme in their own jurisdictions (ex: NC law is the supreme law and they can decide whether or not to apply federal law) mullification - ans...

MIE 305 Exam 2 Questions And Answers 100% Verified Why did richard henry lee propose a "system of confederation" after winning freedom from britain? - answerit was difficult to sell any other power base to the people because they had just escaped britain confederal system - answertwo forms of government (state and federal) where lower levels are supreme in their own jurisdictions (ex: NC law is the supreme law and they can decide whether or not to apply federal law) mullification - ans...

standard of living correct answers the quality and quantity of goods & services available to a population. e-commerce correct answers business transactions conducted online, typically via the internet quality of life correct answers an overall sense of well-being experienced by individuals or a group. Relationship Era correct answers in the history of business, this is the era we are in today where companies try to figure out what consumers want and create that product to meet their nee...

What is the overall purpose of government? Promote the overall good 2. Goal of politics? Develop virtue To be happy truly, you must be practicing virtue (Greek philosophy) Impossible for an immoral person to be happy (ie. an addict can only feel happiness through their addiction and eventually that fades as well) Incocate virtue into the citizens for them to be happy 3. What are the three types of virtuous governments according to Aristotle? 1. Monarchy 1. Lead by a virtuous...

LUOA Personal Financial Literacy Module 1: GIVE | Biblical Perspectives on Money Questions and Answers 100% Pass In our lives, God uses money as a: tool, test, and testimony According to scripture, money is not a: - measure of success - reward for godly living - measure of self-worth - guarantee of contentment God's word teaches us to: - maintain margin - spend less then we earn - give generously - avoid debt The pie diagram reveals that there is no such thing as an _____________________ fin...

Which of the following is NOT a monetary policy goal of the Federal Reserve bank (the Fed)? - correct answer Low prices When the Federal Open Market Committee (FOMC) decides to increase the money supply, it ___ U.S. Treasury securities. If the FOMC wishes to decrease the money supply, it ___ U.S. Treasury securities. - correct answer buys; sells As the figure to the right indicates, the Fed can af...