Tackle the Test: Multiple-Choice Questions

  1. Question

    xZkriHlNTDk/F+T3TvidJlRfAw/GYodrkYwqPolW7vGTJ9KjTxZCJjiR96ojKKJSXu19ZF3YA285uWXKwgGGe32hl/c+3DKrwOM2QPtMnlK1hKCOgXZkfH97ppapgnRyTQN4XvPeEPbOmEAUxO30OdKMp/oor4/clp0DIe9wz5KQs1uJQDnteEBMLEB3RDl86Yejfdtows7oKGpsm/g3osTxMjO3Df2c8q/7xAk7Cau4yg93i1ptTZ4pvHypTSduq+U51jnDl6YPD2KTeUczl1G1MIP370DP4jE3cKws15W84B3392+4QA7gfcJbX3JPlUjthAlOJTsFv2QrMqVvoqaTwtxLjn3DWXIBPjO9NGlCSzw7PAJWKWhMUuvWO88JAKhXfuI/TK6UGqIc/dDLNlc05fT6eXS0yuKVJY0uH1lZ/hJUD0UHvGZTAlYqKfDT61hXnKaqz6e+xRT+yGbYEbBTAy4EF9r5Z4MXHZJJYItd8dNjPB4+Y0JB6gAoHlolbb0bet421U5R7ApVpSwu7FSDvOr0JoWR/9Dz+nPSdRuoFVkbOmoVNUd9DXLuMtE/1IFsjGD88pxBAzoLIA9vw+osz/E+/8d3tFRvF2DVY9gKhT+jAoYYm19wj6fbKhA3I47K9qZVoY+tnlp3kmmkFcQNcPdy4kzWZXyKhZn9ipC7VoBdM8HXl66RuoIyK1/xS+byQesAmIOS/KHn4jDwIHOOAPjhdZIPRgbD2rQS82MI9GanyhXM7FSndBASVF6QhuH5CM3cI/e6jEH+cin6MXK6nWlpsI7CN8fe6zJfDJUPgS3NxRGwls1Hr54anssy148HkSTry4MUz2Ng5IN6lHa8q0YQWADZM8HGQv+Hd8cThOWHjh+nzZF9OU2QUluPK4YwSYGmX4QD+m5ameVrS/Zx4dY2S/F6Od66eXEAbbxbPMcJz8HQrNhKZLHi3vIESYsJJAi+uH+Njx/TZzJDrZSS5ce8xGnB/wOXQerG26I/6YiS0Wras/H7moFng0QFU2aEctJldP82KQXFwJIXy+qNVr3aoHUQCQRiaI5/X1CJwhbZNl6rmqPeBCRqnj+u7ZjpxAyaKAKbM1X+Q1BqY5quJGPJnTaJcYoC2dA4fOEQd3mmNaXkKixCc13aDvgmsdn7R7vqnCx/x1yoMbR/0AAoGjOJ05RlmiTL2bm/TZJaBPG3FMqC2vpODUw5Mwn7+JfPQqFLbKg8Gag5B7WH74ttAB5bpZdyQdTgjizwei+VgDSf4OU4dPxULW12o3oobnYCqCIYz8lO2lILQUgh1NyrIUOzttUHvpRAcrPcJItLNjGN2dwDZW1Tenk=
    Which of the following is a function of the Federal Reserve System?
  2. Question

    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
    Which of the following financial services does the Federal Reserve provide for commercial banks?
  3. Question

    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
    When the Fed makes a loan to a commercial bank, it charges
  4. Question

    ZRMC/JcPAc51TQ2Vn2OUjtVK1Ju8RQMlGu5nqfCyNup3xJEvCwXVZVNAJyNymzZq71tPS19nynlVK0WTqd16DBthtUp6crpG4jZ5eBl/BLdEC73Ssu/cbsVUzV8b721t6QKyPVU9YBzA51x85oX68xEUzj76AjMPzg5AH2oyAsgCu/XEeOAi7pcooPNI8CeRfm8ffnbNkLgHGJSur2YtPH2eGZP9p+qacM1iftIckaOh/m2wRoyyQ5yzly/wuTq7JgWjDDJFoPTruWVvYZpM0SrFGp02IoWzywrSTkgVFKlIpNrPdcGLb4xxCnWpUOFg3PKNmbsenRp67zaE8YutlAltQuxTE5kuZFd50ezcdP8Rdj6Ojx6gK9G1DxflGWgzqeLkEP1qPew5+/XDWinMTZ2sDqtOiPYtsoj++mvD+ybCPL0XXoTkLrURO6z4UVpwWQQt8PZuP3+v/FLLJYkpE9naLRaedVV4bB02aybH4BZqBi2KQ9gHmMRQ0HsODS/zWDcl2aR+S09tS+9x9pTLvZRI0rrbfj0y9iXhTBSxfpdVBje2fHygInFDOYBXq4BTBPZ7YkMn4YCNzUlc72fDds47s0qrrBT3cAfiTbF+lQ4h9Ktd37TUXobR9atvSMa8QCSWCDtqU5yPhi7iVUfwyAYFEw2DbMz7cjA2B34s8uhlj6/La4dTPgg0EGlpOH1UlecSPOoh77iZ/phqjfNYU0b4WKvdbBDIMI8hU6155ztMXF/JM3SZkCYDzMeE1M9yt5kqBfsGk/uE0MpqaW+wvW/w6uYUfg1kQdshSJAc/5+Opw352dNnYQdNqWk7TOM1+pznmOS5jrJGgmbolK4/u/mQn0NhNR7SqtJogoefy1w85cf2c4JGSZcOFeCNK/RI5VQxRAnH8pGaJrkPJjr5LNAWaywLeWO+udGYuX0SlImXwlG5Y8Yw6pVc/CkcH8xoEYbPgfrdZI5hq21q4fUvS2+uw+NktRhm45LG2xMeL/Hs2muknr0XH0a3bybw5WUW8BXzDR6vM5NRHQ++UPaEW8Xm5igvZL68Ia++nz03ZDnud9hlTyKpw4x4ghkRU/t8wEp4hGhc40UO3ECVBguYbupYwQ3zJOeQjG+hlsNmHz1fgbdRqSUaVjdAV8DS/GWLE2bpb7Gs2DFLetnmw7FmPaJSReLUpL8Io5djVEmDduIzDPM6Wq6dgZLqEdWpyKMrnK183GtI+hWoAr9JREa0gkO8NzKFGi+rnPjP0iwiue9layci0etJfSb1hCsDcoiSOkFnzxdVNUA3m+tQ9nULYM0nr6ysd0/I9Owjm6oQFEJWxmJ9OnxNv68FzuC2Ie3r3PtNa0g88Ss4Aza1QoLdxQ==
    If the Fed purchases U.S. Treasury bills from a commercial bank, what happens to bank reserves and the money supply?
  5. Question

    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
    When banks make loans to each other, they charge the