Question 69 (3.111 points)
New technologies that increase productivity tend to shift the supply of loanable
funds curve rightward.
a) True
b) False
Question 70 (3.111 points)
The Federal Reserve System includes ______ regional banks.
a) 25
b) 12
c) 4
d) 50
Question 71 (3.111 points)
If a bank's assets are $600 million and its liabilities are $550 million, then its equity is
$50 million.
a) False
b) True
Question 72 (3.111 points)
Sumit deposits $1,500 cash into his checking account. The reserve requirement is
25%. What is the change in his bank's required reserves?
a) $1,125
b) $375
c) $6,000
d) $1,500
Question 73 (3.111 points)
Quantitative easing occurred when the Fed purchased bank debt, mortgage-backed
securities, and long-term Treasury notes with money it created electronically.
a) True
b) False
Question 74 (3.111 points)
A decrease in the reserve ratio will increase excess reserves.
a) False
b) True