Self Test Flashcards
Checking accounts are _______________________.
demand deposits
Withdrawals from a savings account usually require a _____________ or similar instrument.
passbook
A commercial bank is a ____________________.
business
Roman bankers classified deposits according to their ___________________.
maturity
A state that was very instrumental in establishing the fractional reserve requirement is _______________.
Louisiana
The first central bank of the United States was the _______________________.
Federal Reserve System
National banks must abide by _________________ branching laws.
state
A period of time during which many banks were ill-managed in the United States is often called the ______________ Banking Era.
Wildcat
Money, when used as a common denominator in buying and selling, is called a __________________________.
medium of exchange
The Federal Reserve System has _____________ districts.
twelve
An action by the FRS that would expand the availability of money and credit
buying securities
Institutions that may be members of the Federal Home Loan Bank System
savings and loans (institutions), mutual savings banks
A forerunner of the FDIC
The New York safety fund plan
Institutions that were supervised by the FDIC
national banks, state member banks & nonmember, insured state banks
Federal Reserve Bank directors that are appointed
directors from general public
