money, banking, and the fed, multiple choice questions help
For this assignment, you MUST double check that ALL answers are correct. ________ measures that portion of the money supply most easily used as a medium of exchange.M1M2M3M4============================Currency backed by government bonds is ________.a gold certificatea national banka national currencya government currency===========================The National Banking System was created after World War II.TrueFalse========================Who issued the bank holiday?President RooseveltPresident WilsonPresident KennedyPresident Obama============================What was created as preventative measures due to bank failures in the 1930s?FDICbank holidayFederal Reserve notesThere were no preventative measures taken after the bank failures.=============================The government owns the nation’s central bank.TrueFalse========================In a _________, banks are required to keep only a portion of their total deposits in the form of legal reserves.excess reservefractional reserve systembank runbank holiday=======================The ____________ advises the Board of Governors in the Fed.president of the U.S.U.S. Treasury secretaryAdvisory CommitteeNone of the above=====================How many members are on the Board of Governors in the Fed?43710=========================The Federal Reserve is a corporation that is not a part of any branch in the government.TrueFalse=========================
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