Federal Reserve Bank Notes become currency when they are
a. actually printed
b. delivered, after being printed, to the District Federal Reserve Banks
c. transferred from the District Federal Reserve Banks to member banks
d. converted by member banks into demand deposits
e. used by banks as loans
C
You might also like to view...
A bank is said to have enough liquidity if:
A) it has enough funds to conduct its day-to-day businesses and meet the regulatory requirements. B) the value of its assets exceeds the value of its liabilities by at least $50,000. C) it operates for seven days a week for more than 12 hours a day. D) it holds deposits amounting to at least $100,000.
Per pupil spending on education was seven times higher in 2000 than in 1940 after adjusting for inflation
a. True b. False
The famous phrase "the invisible hand" is associated with the economist ______________ ____________.
Fill in the blank(s) with the appropriate word(s).
At the end of World War II,
A) tariffs around the world fell substantially. B) agricultural subsidies were significantly reduced. C) most nations began to apply tariffs uniformly across all industries. D) tariffs increased in low-income countries and fell a small percentage in high-income countries.