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Question
Use this data to answer questions 4-6:Total Reserves $80,000,000; Reserve Requirement 5%; Total Deposits $700,000,000.
Using the data above, the level of excess reserves is
a. $ 4,000,000
b. $ 45,000,000
c. $ 70,000,000
d. not ascertainable
Answer
This answer is hidden. It contains 3 characters.
Related questions
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In recent years, know-your-clients (KYC) is required by international financial regulators. In the U.S., what is the act that requires financial institutions to share information about customer identities with appropriate government agencies?
a. The USA Patriot Act
b. The Sarbanes-Oxley Act
c. The 9/11 Act
d. The U.S. Treasury Department Act
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A state-chartered bank which is not a member of the Federal Reserve System will
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a. the banks will be upset with FDIC.
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Q:
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Financial institutions are regulated for the following reason(s):
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Q:
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Banks are regulated in part to protect the nation's money supply, much of which is a liability of the banking industry.
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The Office of the Comptroller of the Currency (OCC) is the oldest bank regulatory agency.
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A foreign branch office of a U.S. bank is regulated by
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b. the host country bank regulation.
c. the FDIC.
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e. both a and b
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c. international banking facility
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c. establish minimum capital ratios for international banks.
d. maintain fixed exchange rates.
Q:
Most large international loans are funded in the Eurocurrency market.
Q:
If a hedge fund manager focused on short-selling of stocks, he/she would
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c. borrow money to invest in stocks.
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Q:
Which of the following is not the difference between hedge funds and mutual funds?
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Q:
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Mutual fund managers can keep their cash balances low by all but one of the following:
a. maintaining lines of credit at commercial banks
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