Exam 15: Money and Banking

Electronic funds transfer systems are used for automatic payroll deposit and bill payment.

What two thrift institutions do savings institutions include?

________ allow financial information to be transmitted via electrical impulses over wire,cable,or microwave.

The International Monetary Fund is a large international bank under the control of the Red Cross.

CDs are an example of a time deposit.

________ are short-term,low-risk financial securities purchased with the pooled assets of investor-owners.

The Federal Reserve System is responsible for the conduct of U.S.fiscal policy.

Savings and loan associations began primarily to loan money to small to medium-sized businesses.

According to the U.S.Treasury,issuing a check payment is still less expensive than issuing an EFT payment.

Scott sneaked a peek at Laura's paycheck.He discovered that she makes $200 a month more than he does and he concludes that her job must be more important than his.This illustrates the ________ function of money.

How does an increased reserve requirement affect money supply?

As a result of the USA Patriot Act,what piece of information must banks collect for every customer?

Which of the following will result in an increase in the money supply?

Discuss some of the institutions and activities in international banking and finance.

What is Check 21?

A ________ is intended to be held to maturity.

Other than its lending policies,how does e3bank achieve "the triple bottom line"?

Which of the following would be considered part of the M-1 money supply?

Time deposits are bank funds that are intended to be held to maturity and cannot be transferred by check.

The ________ is a United Nations agency that provides a limited scope of financial services such as funding national improvements in undeveloped countries.