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- The bank credit expansion that initiates the inflationary boom is caused by A. Irrational over-optimism on the part of entrepreneurs and business B. Banks reducing their credit standards and lending more funds C. The Fed's injection of new reserves into the banking systemExplain central bank's function as a banker to the governmentThe South African Reserve Bank follows a policy of inflation targeting.Outline the key features of this policy.
- Under monetary policy, open market operations consist of A) Commerical banks decision to buy or sell government bonds and securities B) Fed changing reserve ratio C) The Fed's decision to buy or sell securities D) None of the abovePassage of the Federal Reserve Act of 1913 came largely in response to: (a) a massive inflow of gold to the United States that caused the money supply to soar and inflation to result; (b) the need for financing of military operations in World War I; (c) a desire to become the only major country in the world with a central bank; (d) a series of financial panics over the previous half century;List four argumnets that favor a central Bank that is brought under the control of goverment
- When the Fed buys and sells U.S. government bonds in an effort to regulate the money supply, it is engaged in Multiple Choice O closed market practices. reserve equity strategy. open-market operations. federal fund rates adjustment.The degree to which the public believes the central bank's announcements about future policy is its credibility. transparency. openness. O reputation. < PreviousIn recent years, which of the following has increased the most in quantitative easing by the central bank? a. Currency b. Time deposits at banks c. Demand deposits at banks d. Reserves
- A central bank typically has only two tools to affect a country's economy: setting the national interest rate and determining how much currency is in circulation. A. True B. FalseOnly one statement is 100% correct. Which one? State agencies charter and regulate national banks. The Federal Deposit Insurance Corporation (FDIC) is the oldest U.S. commercial bank regulators. The Federal Reserve System (FRS) has regulatory power over nationally chartered banks and their holding companies and state banks that opt in to the FRS. The Office of the Comptroller of the Currency (OCC) charters and regulates state banks.A central bank such as the Fed is different from other banks and financial institutions in that it does not____ A)provide service to individuals or businesses B) generate, stimulate, or hurt the economy C)provide any concrete banking service D) have multiple locations throughout the country
