The Economics of Money, Banking and Financial Markets (11th 11E - Mishkin - TB chapter 13

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1、EconomicsofMoney,Banking,andFinancialMarkets,11e(Mishkin)Chapter13CentralBanksandtheFederalReserveSystem13.1OriginsoftheFederalReserveSystem1)TheFirstBankoftheUnitedStatesA)wasdisbandedin1811whenitscharterwasnotrenewed.B)haditscharterrenewalvetoedin1832.C)wasfundamentalinhelpingtheFed

2、eralGovernmentfinancetheWarof1812.D)Noneoftheabove.Answer:AAACSB:ReflectiveThinking2)TheSecondBankoftheUnitedStatesA)wasdisbandedin1811whenitscharterwasnotrenewed.B)haditscharterrenewalvetoedin1832.C)isconsideredtobetheprimarycauseofthebankpanicof1907.D)Noneoftheabove.Answer:BAACSB:Re

3、flectiveThinking3)Thepublic'sfearofcentralizedpoweranddistrustofmoneyedinterestsledtothedemiseofthefirsttwoexperimentsincentralbanking,otherwiseknownasA)theFirstBankoftheUnitedStatesandtheSecondBankoftheUnitedStates.B)theFirstBankoftheUnitedStatesandtheCentralBankoftheUnitedStates.C)t

4、heFirstCentralBankoftheUnitedStatesandtheSecondCentralBankoftheUnitedStates.D)theFirstBankofNorthAmericaandtheSecondBankofNorthAmerica.Answer:AAACSB:ReflectiveThinking4)Thefinancialpanicof1907resultedinsuchwidespreadbankfailuresandsubstantiallossestodepositorsthattheAmericanpublicfina

5、llybecameconvincedthatA)theFirstBankoftheUnitedStateshadfailedtoserveasalenderoflastresort.B)theSecondBankoftheUnitedStateshadfailedtoserveasalenderoflastresort.C)theFederalReserveSystemhadfailedtoserveasalenderoflastresort.D)acentralbankwasneededtopreventfuturepanics.Answer:DAACSB:Re

6、flectiveThinking5)WhatmakestheFederalReservesouniquecomparedtoothercentralbanksaroundtheworldisitsA)centralizedstructure.B)decentralizedstructure.C)regulatoryfunctions.D)monetarypolicyfunctions.Answer:BAACSB:ReflectiveThinking15Copyright©2016PearsonEducation,Inc.13.2StructureoftheFede

7、ralReserveSystem1)WhichofthefollowingisNOTanentityoftheFederalReserveSystem?A)FederalReserveBanksB)theComptrolleroftheCurrencyC)theBoardofGovernorsD)theFederalOpenMarketCommitteeAnswer:BAACSB:ReflectiveThinking2)WhichofthefollowingisanentityoftheFederalReserveSystem?A)theU.S.TreasuryS

8、ecret