Question
1. Define the following terms: Asset Balance sheet Credit risk Excess reserves Interest- rate risk Liquidity risk Required reserves Federal depositinsurance Contractual savings institution Hedge
1.
Define the following terms:
Asset
Balance sheet
Credit risk
Excess reserves
Interest- rate risk
Liquidity risk
Required reserves
Federal depositinsurance
Contractual savings institution
Hedge fund
I.P.O.
Investment banking
Mutual fund
Pension fund
Underwriting
Board of Governors
Federal Open Market Committee (FOMC)
Federal ReserveBank
Required reserves
Excess reserves
Discount rate
The Federal Funds rate
2.
Why did the United States have no central bank between 1836 and 1913?
Why did congress decide to establish the Federal Reserve system in 1913?
3.
Why was the Federal Reserve System split into 12 districts?
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Public Relations
Authors: Tom Kelleher
1st Edition
0190201479, 9780190201470
