Lists

Question 1

List eight FINANCIAL INSTITUTIONS (do not include government agencies):
s&li
msb
lic
ib
cu
fc
td
ic

Answer 1

savings and loan institutions, mutual savings banks, life insurance companies, investment bankers, credit unions, finance companies, trust departments, investment companies

Question 2

List five functions of a commercial bank:
d
cc
ml
msdb
b&sfe

Answer 2

depository, check clearing, make loans, maintain safe deposit boxes, buy and sell foreign exchange

Question 3

List the three primary tools of the Federal Reserve System in managing the availability of money and credit:
omo
dr
rr

Answer 3

open market operations, discount rate, reserve requirement

Question 4

List two lesser tools of the Fed:
mr
sec

Answer 4

margin requirements, selective credit controls