The Economics of Money Banking and Financial Markets 10E - Mishkin - TB chapter 13

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1、EconomicsofMoney,Banking,andFin.Markets,10e(Mishkin)Chapter13CentralBanksandtheFederalReserveSystem13.1OriginsoftheFederalReserveSystem1)TheFirstBankoftheUnitedStatesA)wasdisbandedin1811whenitscharterwasnotrenewed.B)haditscharterrenewalvetoedin1832.C)wasfundamentalinhe

2、lpingtheFederalGovernmentfinancetheWarof1812.D)Noneoftheabove.Answer:AQuesStatus:PreviousEdition2)TheSecondBankoftheUnitedStatesA)wasdisbandedin1811whenitscharterwasnotrenewed.B)haditscharterrenewalvetoedin1832.C)isconsideredtobetheprimarycauseofthebankpanicof1907.D)No

3、neoftheabove.Answer:BQuesStatus:PreviousEdition3)Thepublic'sfearofcentralizedpoweranddistrustofmoneyedinterestsledtothedemiseofthefirsttwoexperimentsincentralbanking,otherwiseknownasA)theFirstBankoftheUnitedStatesandtheSecondBankoftheUnitedStates.B)theFirstBankoftheUni

4、tedStatesandtheCentralBankoftheUnitedStates.C)theFirstCentralBankoftheUnitedStatesandtheSecondCentralBankoftheUnitedStates.D)theFirstBankofNorthAmericaandtheSecondBankofNorthAmerica.Answer:AQuesStatus:RevisedAACSB:Multiculturalanddiversityunderstanding4)Thefinancialpan

5、icof1907resultedinsuchwidespreadbankfailuresandsubstantiallossestodepositorsthattheAmericanpublicfinallybecameconvincedthatA)theFirstBankoftheUnitedStateshadfailedtoserveasalenderoflastresort.B)theSecondBankoftheUnitedStateshadfailedtoserveasalenderoflastresort.C)theFe

6、deralReserveSystemhadfailedtoserveasalenderoflastresort.D)acentralbankwasneededtopreventfuturepanics.Answer:DQuesStatus:PreviousEditionAACSB:Multiculturalanddiversityunderstanding17Copyright©2013PearsonEducation,Inc.5)WhatmakestheFederalReservesouniquecomparedtootherce

7、ntralbanksaroundtheworldisitsA)centralizedstructure.B)decentralizedstructure.C)regulatoryfunctions.D)monetarypolicyfunctions.Answer:BQuesStatus:PreviousEditionAACSB:Dynamicsoftheglobaleconomy13.2StructureoftheFederalReserveSystem1)WhichofthefollowingisNOTanentityoftheF

8、ederalReserveSystem?A)FederalReserveBanksB)TheComptrolleroftheCurrencyC)TheBoardofGovernorsD)TheFederalOpenMarketComm