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Questions and Answers
What are the three main components of the U.S. money supply?
What are the three main components of the U.S. money supply?
- Bonds, stocks, and mutual funds
- Currency, demand deposits, and time deposits (correct)
- Coins, gold, and silver
- Savings accounts, loans, and credit cards
Which institution is responsible for insuring deposits in commercial banks and thrift institutions in the United States?
Which institution is responsible for insuring deposits in commercial banks and thrift institutions in the United States?
- The U.S. Treasury
- The Federal Deposit Insurance Corporation (FDIC) (correct)
- The National Credit Union Administration
- The Federal Reserve
What is the primary function of the Federal Reserve System?
What is the primary function of the Federal Reserve System?
- To provide loans to individuals
- To oversee the nation's monetary and credit system (correct)
- To regulate the stock market
- To insure deposits in financial institutions
What type of financial institution is not for profit and member-owned?
What type of financial institution is not for profit and member-owned?
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What is a key characteristic of money that makes it a suitable means of exchange?
What is a key characteristic of money that makes it a suitable means of exchange?
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What are the characteristics of a good medium of exchange?
What are the characteristics of a good medium of exchange?
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What role do U.S. banks play in the international marketplace?
What role do U.S. banks play in the international marketplace?
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What is the primary tool used by the Federal Reserve to manage the money supply?
What is the primary tool used by the Federal Reserve to manage the money supply?
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What characteristic of money makes it scarce?
What characteristic of money makes it scarce?
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What is the maximum insurance coverage per depositor, per bank, provided by the FDIC?
What is the maximum insurance coverage per depositor, per bank, provided by the FDIC?
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