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Question
A bank may not use secondary reserves to give depositors their money back if they demand it.
a. True
b. False
Answer
This answer is hidden. It contains 5 characters.
Related questions
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a. Fair Debt Collection Act
b. Fair Credit Reporting Act
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a. levying a high tax on state bank notes
b. conducting bank examinations
c. handling the governments central banking function
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How did Alexander Hamilton attempt to establish the federal government as the final authority for Americas economic security?
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A(n) ____________________ savings account provides a ledger of activity that a teller updates when a customer makes deposits or withdrawals.
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b. Reserve requirements are the most important factor in bank lending.
c. Reserve requirements do not change very often.
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a. True
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What is a promissory note?
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Online systems called _________________________ allow consumers to pay each other directly for a product.
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b. promissory note.
c. postdated check.
d. bounced check.
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Which of the following largely eliminated the wide variation of legal regulation from the countrys payments system?
a. Federal Reserve Act of 1913
b. Uniform Commercial Code of 1958
c. National Banking Act of 1864
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Which of the following features of a check indicates who is to receive the funds?
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What is a certificate of deposit?
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What is a demand deposit?
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a. True
b. False
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Counterfeiting was not a problem when the government first began printing paper currency.
a. True
b. False