A. Definitions and history of money Select the correct term for each of the following definitions....

A. Definitions and history of money

Select the correct term for each of the following definitions. Terms include, MONEY, MONEY MARKET DEPOSIT ACCOUNT AND TIME DEPOSIT

Definition	Term
An interest-earning account, at a commercial bank or thrift institution, that requires a minimum balance and offers limited check-writing privileges
An interest-earning deposit with a specified maturity date
Any good that is widely accepted for purposes of exchange and in the repayment of debt

Which of the following statements about the history of banks are true? Check all that apply.

The amount of gold represented by warehouse receipts was less than the actual amount of gold on deposit.

Warehouse receipts, issued by goldsmiths were often used instead of gold itself to make payments.

Goldsmiths held deposited gold and issued receipts to their customers.

B.)

1. The Federal Reserve's organization

There are (5,7, & 12)? Federal Reserve regional banks.

Which of the following contributes to making the Federal Reserve an independent policymaking body?

A.There are 12 Federal Reserve banks.

B.Members of the Board of Governors are appointed for 14-year terms.

C. Its role is written into the U.S. Constitution.

The Federal Reserve's primary tool for changing the money supply is (the discount rate, open market operations, the reserve requirement) ?. In order to increase the number of dollars in the U.S. economy (the money supply), the Federal Reserve will (buy, sell)? government bonds.

Expert Solution

Rahul Sunny answered 1 year ago

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