The regulatory agency that sets reserve requirements for all banks is
A) the Federal Reserve System.
B) the Federal Deposit Insurance Corporation.
C) the Office of Thrift Supervision.
D) the Securities and Exchange Commission.
A
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What most accurately describes the U.S. balance of payments?
a. From 1850-1873 the U.S. had an unfavorable balance of payments, but exports exceeded imports from 1873-1919. b. The U.S. had an unfavorable balance of payments from 1850-1919. c. Exports exceeded imports from 1850-1919 d. The U.S. had a favorable balance of payments from 1874 until World War I. During the war U.S. imports exceeded imports.
Which of the following is the proper order of assets ranked from most to least liquid?
a. Demand deposits, cash in the hands of the public, large time deposits b. Travelers' checks, small time deposits, savings-type accounts c. Small time deposits, large time deposits, demand deposits d. Cash in the hands of the public, savings-type accounts, demand deposits e. Cash in the hands of the public, money market mutual funds, small time deposits