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- The central bank (CB) decided to increase the discount rate on loans it makes to commercial banks. This results in: Select one: a. Decrease the value of local currency b. None of the answers are correct c. Increase in reserve ratio d. Decrease of the quantity of local currency e. Increase of the quantity of local currencyThe Bank of Canada sets the reserve requirement, which banks must meet through deposits at the Bank of Canada and cash held at the bank. What do these requirements achieve? Check all that apply. They help to facilitate transfers of funds between banks when a customer from one bank writes a cheque to a customer of another. They help to control the money supply. They help to prevent bank runs by reassuring the public that banks will not make too many loans and run out of cash. They mean that a bank must have one dollar of deposits for every dollar it lends.Which of the following is not a function of the central bank? Select one: a. The issuance of bank notes and coins for the country b. Manage foreign exchange c. It acts as the Government’s bank d. Stimulate the economy through government spending
- The reserve ratio is the fraction of deposits that banks a.Hold in order to maintain the nation’s gold standard b.Invest in securities c.Hold as reserves d.Have loaned to borrowers e.Are required by law to loan to borrowersOpen market operations mean that the Fed is buying\selling government securities. This means that if the Fed wants to increase the money supply, it should ⒸBuy bonds. Sell bonds. Decrease taxes. Decrease government spending QUESTION 7 Consider the market for automobiles. Suppose consumer income decreases dramatically while simultaneously there is global shutdown that increases the cost of producing automobiles. In this situation we would expect, Price of automobiles to fall and the quantity sold to increase. O Price of automobiles to either increase or decrease and the quantity sold to fall. Price of automobiles to fall and the quantity sold to either increase or decrease. None of the above QUESTION 8 Which of the following is an example of an automatic stabilizer? O Increases in the interest rate. Unemployment insurance and welfare. O Automatically varying reserve requirements that differ by Federal Reserve Bank Region B and C.Which of the following is NOT a policy tool of the Central Bank? *a. open market operationsb. the amount of required reserves held by member banksc. the interest rate charged by the government for loans to member bankd. the tax rate imposed on interest income
- National reserves at central banks mainly include Select one: a. Hard Currencies b. Gold c. US currency, i.e., USD d. All the options are includedMoney is commonly defined as A generally accepted medium of exchange. A U.S. dollar. Paper currency and coinage. Precious metals.If a society chooses fiat money as its money form, it __________.Group of answer choices A. will need to make sure the currency is convertible into gold B. must make sure there is an illiquid money supply C. should estimate any central bank D. must be particularly vigilant about controlling the quantity of money
- The monetary system in any economy facilitates trade and allows people to trade more efficiently, as compared to a barter economy. In the united states the monetary authority is the federal reserve system what are the requirements for something to be considered money? Why does the dollar have value?The table shows the commercial banks' balance sheet (aggregated over all the banks). The commercial banks' desired reserve ratio on all deposits is 10 percent and there is no currency drain. Calculate the bank's excess reserves. >>> Answer to 2 decimal places. The banks' excess reserves are $11 million. If the banks use all of these excess reserves to make loans, what is the quantity of loans? The quantity of loans will be $11 million. If the banks use all of the excess reserves to make loans, what is the quantity of total deposits immediately after the banks have made the loans? The quantity of total deposits immediately after the banks have made the loans is $ ☐ million. Assets Liabilities (millions of dollars) Reserves at the Fed 25 Checkable deposits 120 Cash in vault Securities Loans 5 Savings deposits 70 40 12011. Commercial banks: implement monetary policy. are nonprofit organizations that lend and borrow funds. are financial intermediaries that lend funds and accept deposits. all of the above.