Question 1
Barter involves:
A. money.
B. specialization.
C. a double coincidence of wants.
D. demand deposits.
Question 2
The largest United States bank in 2008 was:
A. BankAmerica.
B. Citigroup.
C. J.P. Morgan Chase.
D. Security Pacific.
Question 3
Which is NOT a job of the Federal Reserve
A. Check clearing
B. Issuing currency
C. Insuring bank deposits
D. Controlling the rate of growth of the money supply
Question 4
The Federal reserve Board has the power to change reserve requirements within legal limits. The limits for checkable deposits are between __________ percent.
A. 8 and 14
B. 10 and 12
C. 15 and 20
D. 6 and 8
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