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CBUAE Regulatory Framework Quiz
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CBUAE Regulatory Framework Quiz

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Questions and Answers

Who operates the Fedwire system for high-value and time-sensitive payments between banks?

  • The Board of Governors (correct)
  • The Federal Open Market Committee
  • The 12 Federal Reserve Banks
  • The Central Bank of the UAE

    • Which entity is responsible for overseeing the Automated Clearing House (ACH) system?

  • The Federal Open Market Committee
  • The Central Bank of the UAE
  • The 12 Federal Reserve Banks
  • The Board of Governors (correct)

    • Who decides on specific actions like interest rate changes within the Federal Reserve System?

  • The Central Bank of the UAE
  • The Automated Clearing House (ACH) system
  • The 12 Federal Reserve Banks (correct)
  • The Board of Governors

    • What is one of the core objectives of the Central Bank of the UAE?

    <p>Enhance monetary and financial stability</p> Signup and view all the answers

    How are members of the Board of Governors appointed?

    <p>By the Presidents and confirmed by the Senate</p> Signup and view all the answers

    What is a key role of the 12 Federal Reserve Banks located across the US?

    <p>Provide banking services and conduct relevant research for their regions</p> Signup and view all the answers

    Which classification of the money supply includes physical currency and demand deposits?

    <p>M1</p> Signup and view all the answers

    What does M2 include that expands on M1?

    <p>Savings deposits and money market mutual funds</p> Signup and view all the answers

    Which money aggregate provides the broadest picture of readily available spending power?

    <p>M3</p> Signup and view all the answers

    What sets M3 apart from M2 in terms of asset inclusion?

    <p>Inclusion of large time deposits and institutional money market funds</p> Signup and view all the answers

    Which money aggregate reflects money readily available for immediate spending and transactions?

    <p>M1</p> Signup and view all the answers

    What distinguishes M2 from M3 in terms of liquidity?

    <p>M2 includes slightly more liquid assets than M3</p> Signup and view all the answers

    What is one of the functions of the Financial Stability Department (FSD) at the Central Bank of the UAE?

    <p>Conducting analyses to assess financial risks</p> Signup and view all the answers

    Which sector is the Islamic Finance industry primarily manifested in according to the text?

    <p>Banking</p> Signup and view all the answers

    What is the main role of the Reserve Management department at the Central Bank of the UAE?

    <p>Managing official foreign exchange reserves</p> Signup and view all the answers

    What is the purpose of EIBOR (Emirates Interbank Offered Rate) according to the text?

    <p>To provide economic indicators</p> Signup and view all the answers

    Which aim is mentioned as a focus area for the Central Bank of the UAE in the text?

    <p>Strengthening insurance sector role</p> Signup and view all the answers

    What is one key aspect of the regulatory and supervisory framework advanced by the Central Bank of the UAE?

    <p>Enhancing trust in banking services</p> Signup and view all the answers

    What is the primary responsibility of the Fed in terms of monetary policy?

    <p>Managing the money supply and interest rates</p> Signup and view all the answers

    How does the Fed inject or drain money from the economy as part of conducting monetary policy?

    <p>Buying and selling government securities</p> Signup and view all the answers

    When the Fed changes the discount rate, how does it impact the economy?

    <p>Influences bank lending rates and credit availability</p> Signup and view all the answers

    What is the purpose of setting capital requirements by the Fed for banks?

    <p>To ensure financial stability by banks</p> Signup and view all the answers

    During a financial crisis, what role can the Fed play as a lender of last resort?

    <p>Providing essential liquidity to prevent financial system collapse</p> Signup and view all the answers

    How do reserve requirements set by the Fed impact banks?

    <p>Affecting credit creation by banks</p> Signup and view all the answers

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