Past Exam for ECON 2006 - Principles of Economics with McLeod at Virginia Tech (VT)

Exam Information

Material Type:Exam 3
Class:ECON 2006 - Principles of Economics
University:Virginia Polytechnic Institute And State University
  • Reserve Requirement
  • Decrease Increase
  • Requirement
  • Government Securities
  • Immediately
  • Negative Relationship
  • Crowding In
  • Combination
  • Speculation
  • Required Reserves
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Sample Document Text

Econ 2006-91641 FORM A Exam 3 McLeod 1. The Federal Open Market Committee consists of the 2. ~ . members selected by the President and a chairperson selected by the . oard of Governors of the Federal Reserve System. . 9 directors each elected by a district Federal Reserve Bank and 3 members selected by the Treasury secretary. c. 12 District Federal Reserve Bank presidents, the 7 governors from the ~ oard of Governors, and the Treasury secretary. ) d. 7 members of the Fed's Board of Governors, the president of the New ork Fed Bank, and, on a rotating basis, 4 presidents from the 11 other Fed district banks. A deposit in a bank is considered of that bank. ~ liability b. an asset c. net worth d. capital 3. Which of the following is not~one of the three subsections ~f the Fed? a. Federal Open Market Committee ~Council of Economic Advisors ~he Federal Reserve Banks d. The Board of Governors 4. Assume that all banks in the banking system are loaned up. Total depo...

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