1. A(n) ______ is a simplified balance sheet.

   		asset account
   		T - account
   		bank account

2. _____ has the key advantage that it is readily understood by the public and is highly transparent.

   		The reserve rule
   		Inflation targeting
   		Prime rate targeting
   		Discount rate targeting

3. The interest rate the Fed charges other banks for loans is the ______ rate and the interest rate on over night loans from one bank to another bank is the ______ rate.

   		federal funds; discount
   		reverse repo; repo
   		discount; federal funds
   		mortgage; collateral loan
   		all of the above