Refer to the given data. The commercial banking system has excess reserves of:
Answer the question on the basis of the following consolidated balance sheet of the commercial banking system. Assume that the reserve requirement is 20 percent. All figures are in billions and each question should be answered independently of changes specified in all preceding ones.
A. zero.
B. $2 billion.
C. $5 billion.
D. $10 billion.
A. zero.
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Under the PCA guidelines, the FDIC must start closure proceedings on a bank once its leverage ratio falls below __________ percent
A) 0 B) 2 C) 5 D) 10
The president has influence on Federal Reserve policy because
a. he can veto any Fed policy. b. he appoints the board members and the chair. c. he can fire the chair. d. he can replace board members at any time.
Monetary policy is not the only type of policy that affects interest rates.
Answer the following statement true (T) or false (F)
Examine the reasons employment levels remained relatively low after the Great Recession.
What will be an ideal response?