31. Fed operations implemented to increase or decrease the level of funds are known as: A. defensive operations B. dynamic operation C. draining operations D. derivatives operations 32. The proportion of bank deposits that must be held by banks is known as the: A. fed funds requirement B. discount requirement C. prime requirement D. reserve requirement 33. What is the current reserve requirement for banks holding deposits of over $112.2 million? A. 5% B. 10% C. 12% D. 15% 34. Which of the following is not a leading economic indicator? A. stock market B. unemployment rate C. manufacturing activity report D. building permits 35. The Consumer Price Index (CPI) measures: A. unemployment rate B. inflation C. prime interest rate D. discount rate 36. During inflationary periods, the price of gold generally: A. increases B. decreases C remains the same D. neutralizes