Which of the following statements presents accurate information about the Napoleonic Wars (1793-1815)?
a. The major adversaries in the Wars were England and Canada.
b. The peace treaty that ended the Wars is known as the Essex Decision.
c. The Wars led to increased demand for American shipping services.
d. During the temporary peace of 1801-1803, demand for U.S. re-exports increased.
c. The Wars led to increased demand for American shipping services.
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Banks can continue to make loans until their
A) actual reserves equal their required reserves. B) excess reserves equal their required reserves. C) actual reserves equal their excess reserves. D) actual reserves equal their checking account balances.
Which of the following modern methods of financing a corporation was not available to corporations four hundred years ago?
A) selling stock B) selling bonds C) reinvestment. D) All of these methods were used then as well as now.
A margin requirement is
a. the minimum amount of reserves the Fed requires a bank to hold b. the interest rate that the Fed requires from banks who borrow from it c. the marginal interest rate on loans made by banks to other banks d. the maximum percentage of the price of a stock that can be borrowed from a bank, with the stock offered as collateral e. an appeal by the Fed to banks, asking for voluntary compliance with the Fed's policies
The net worth of a bank is equal to: a. the value of the financial assets the bank can buy
b. its total assets minus its total liabilities. c. the value of the assets that all borrowers hold. d. the value of the money the bank keeps on hand and does not loan.