The Federal Reserve System is often called a "banker's bank."

True

False

If something is considered money, it will have all of the following characteristics:a medium of exchange, unit of account, and a store of value.

True

False

Demand deposits are bank held deposits in checking accounts

True

False

The Federal Reserve is the central bank for several nations, including the U.S.

True

False

Excess reserves are reserves held by banks, over and above required reserve

True

False