31) The required reserve ratio is 10 percent and Charlie deposits $3,000 in her checking account. The bank must

A) increase reserves by $3,000.

B) increase reserves by $300.

C) decrease reserves by $3,000.

D) decrease reserves by $300.

E) not change its reserves until Charlie decides to withdraw her funds.

32) The required reserve ratio is the minimum percentage of ________ that banks are required to hold by regulation.

A) reserves as total assets

B) deposits as total assets

C) reserves as deposits

D) deposits as reserves

E) reserves as total liabilities

33) The required reserve ratio is the

A) amount of excess reserves the bank holds just in case.

B) total amount of reserves the bank holds in its vaults.

C) total amount of reserves the bank holds at the Fed.

D) amount of reserves banks are required by the Fed to be held as a percentage of the bank's deposits.

E) amount of reserves banks are required by the Fed to be held as a percentage of the bank's loans.

34) Which of the following statements is correct?

A) required reserves = (total deposits) × (excess reserve ratio)

B) required reserves = (total reserves) × (excess reserve ratio)

C) required reserves = (total deposits) × (required reserve ratio)

D) required reserves = (total deposits) ÷ (required reserve ratio)

E) required reserves = (total deposits) × (required reserve ratio) - excess reserves

35) The interest rate the Federal Reserve charges a bank when it borrows reserves from the Fed is called the

A) market interest rate.

B) federal funds rate.

C) discount rate.

D) prime rate.

E) borrowing rate.

36) The discount rate is the

A) banks' real interest rate.

B) interest rate at which the Fed will loan reserves to commercial banks.

C) interest rate banks charge the Fed when the Fed borrows from the banks.

D) name of the interest rate banks charge their most credit-worthy borrowers.

E) interest rate paid on U.S. government securities.

37) The discount rate is

A) the interest rate paid when a bank borrows reserves from another bank.

B) the interest rate paid when a commercial bank borrows reserves from the Fed.

C) the reduction in the interest rate given to the bank's best customers.

D) another name for the long-term interest rate.

E) the interest rate the Fed pays banks for the reserves the banks keep at the Fed.

38) The discount rate is

A) the interest rate that commercial banks have to pay for any reserves that they borrow from the non-bank public.

B) the interest rate that commercial banks have to pay to the owners of bank deposits.

C) equal to the nominal interest rate minus the inflation rate.

D) the interest rate that commercial banks pay for reserves that they borrow from the Fed.

E) the interest rate that commercial banks receive for the reserves that they have on reserve at the Fed.

39) If the Fed increases the discount rate,

A) commercial banks pay a higher interest rate if they borrow from the Fed.

B) commercial banks pay a lower interest rate if they borrow from the Fed.

C) commercial banks' assets increase.

D) commercial banks find it more profitable to increase their loans to businesses.

E) commercial banks increase their lending to the Fed.

40) If the Fed increases the discount rate, commercial banks pay a ________ interest rate if they borrow money from the Fed and will therefore ________.

A) higher; borrow less money from the Fed and make fewer loans to consumers

B) higher; borrow more money from the Fed and make more loans to consumers

C) lower; borrow more money from the Fed and make more loans to consumers

D) lower; borrow less money from the Fed and make fewer loans to consumers

E) higher; deposit more money into their reserves at the Fed

31) The required reserve ratio is 10 percent and Charlie deposits $3,000 in her checking account. The bank must

A) increase reserves by $3,000.

B) increase reserves by $300.

C) decrease reserves by $3,000.

D) decrease reserves by $300.

E) not change its reserves until Charlie decides to withdraw her funds.

32) The required reserve ratio is the minimum percentage of ________ that banks are required to hold by regulation.

A) reserves as total assets

B) deposits as total assets

C) reserves as deposits

D) deposits as reserves

E) reserves as total liabilities

33) The required reserve ratio is the

A) amount of excess reserves the bank holds just in case.

B) total amount of reserves the bank holds in its vaults.

C) total amount of reserves the bank holds at the Fed.

D) amount of reserves banks are required by the Fed to be held as a percentage of the bank's deposits.

E) amount of reserves banks are required by the Fed to be held as a percentage of the bank's loans.

34) Which of the following statements is correct?

A) required reserves = (total deposits) × (excess reserve ratio)

B) required reserves = (total reserves) × (excess reserve ratio)

C) required reserves = (total deposits) × (required reserve ratio)

D) required reserves = (total deposits) ÷ (required reserve ratio)

E) required reserves = (total deposits) × (required reserve ratio) - excess reserves

35) The interest rate the Federal Reserve charges a bank when it borrows reserves from the Fed is called the

A) market interest rate.

B) federal funds rate.

C) discount rate.

D) prime rate.

E) borrowing rate.

36) The discount rate is the

A) banks' real interest rate.

B) interest rate at which the Fed will loan reserves to commercial banks.

C) interest rate banks charge the Fed when the Fed borrows from the banks.

D) name of the interest rate banks charge their most credit-worthy borrowers.

E) interest rate paid on U.S. government securities.

37) The discount rate is

A) the interest rate paid when a bank borrows reserves from another bank.

B) the interest rate paid when a commercial bank borrows reserves from the Fed.

C) the reduction in the interest rate given to the bank's best customers.

D) another name for the long-term interest rate.

E) the interest rate the Fed pays banks for the reserves the banks keep at the Fed.

38) The discount rate is

A) the interest rate that commercial banks have to pay for any reserves that they borrow from the non-bank public.

B) the interest rate that commercial banks have to pay to the owners of bank deposits.

C) equal to the nominal interest rate minus the inflation rate.

D) the interest rate that commercial banks pay for reserves that they borrow from the Fed.

E) the interest rate that commercial banks receive for the reserves that they have on reserve at the Fed.

39) If the Fed increases the discount rate,

A) commercial banks pay a higher interest rate if they borrow from the Fed.

B) commercial banks pay a lower interest rate if they borrow from the Fed.

C) commercial banks' assets increase.

D) commercial banks find it more profitable to increase their loans to businesses.

E) commercial banks increase their lending to the Fed.

40) If the Fed increases the discount rate, commercial banks pay a ________ interest rate if they borrow money from the Fed and will therefore ________.

A) higher; borrow less money from the Fed and make fewer loans to consumers

B) higher; borrow more money from the Fed and make more loans to consumers

C) lower; borrow more money from the Fed and make more loans to consumers

D) lower; borrow less money from the Fed and make fewer loans to consumers

E) higher; deposit more money into their reserves at the Fed

31) The required reserve ratio is 10 percent and Charlie deposits $3,000 in her checking account. The bank must

A) increase reserves by $3,000.

B) increase reserves by $300.

C) decrease reserves by $3,000.

D) decrease reserves by $300.

E) not change its reserves until Charlie decides to withdraw her funds.

32) The required reserve ratio is the minimum percentage of ________ that banks are required to hold by regulation.

A) reserves as total assets

B) deposits as total assets

C) reserves as deposits

D) deposits as reserves

E) reserves as total liabilities

33) The required reserve ratio is the

A) amount of excess reserves the bank holds just in case.

B) total amount of reserves the bank holds in its vaults.

C) total amount of reserves the bank holds at the Fed.

D) amount of reserves banks are required by the Fed to be held as a percentage of the bank's deposits.

E) amount of reserves banks are required by the Fed to be held as a percentage of the bank's loans.

34) Which of the following statements is correct?

A) required reserves = (total deposits) × (excess reserve ratio)

B) required reserves = (total reserves) × (excess reserve ratio)

C) required reserves = (total deposits) × (required reserve ratio)

D) required reserves = (total deposits) ÷ (required reserve ratio)

E) required reserves = (total deposits) × (required reserve ratio) - excess reserves

35) The interest rate the Federal Reserve charges a bank when it borrows reserves from the Fed is called the

A) market interest rate.

B) federal funds rate.

C) discount rate.

D) prime rate.

E) borrowing rate.

36) The discount rate is the

A) banks' real interest rate.

B) interest rate at which the Fed will loan reserves to commercial banks.

C) interest rate banks charge the Fed when the Fed borrows from the banks.

D) name of the interest rate banks charge their most credit-worthy borrowers.

E) interest rate paid on U.S. government securities.

37) The discount rate is

A) the interest rate paid when a bank borrows reserves from another bank.

B) the interest rate paid when a commercial bank borrows reserves from the Fed.

C) the reduction in the interest rate given to the bank's best customers.

D) another name for the long-term interest rate.

E) the interest rate the Fed pays banks for the reserves the banks keep at the Fed.

38) The discount rate is

A) the interest rate that commercial banks have to pay for any reserves that they borrow from the non-bank public.

B) the interest rate that commercial banks have to pay to the owners of bank deposits.

C) equal to the nominal interest rate minus the inflation rate.

D) the interest rate that commercial banks pay for reserves that they borrow from the Fed.

E) the interest rate that commercial banks receive for the reserves that they have on reserve at the Fed.

39) If the Fed increases the discount rate,

A) commercial banks pay a higher interest rate if they borrow from the Fed.

B) commercial banks pay a lower interest rate if they borrow from the Fed.

C) commercial banks' assets increase.

D) commercial banks find it more profitable to increase their loans to businesses.

E) commercial banks increase their lending to the Fed.

40) If the Fed increases the discount rate, commercial banks pay a ________ interest rate if they borrow money from the Fed and will therefore ________.

A) higher; borrow less money from the Fed and make fewer loans to consumers

B) higher; borrow more money from the Fed and make more loans to consumers

C) lower; borrow more money from the Fed and make more loans to consumers

D) lower; borrow less money from the Fed and make fewer loans to consumers

E) higher; deposit more money into their reserves at the Fed

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