Multiple choice

Question 1

Barter involves: 

A. money. 

B. specialization. 

C. a double coincidence of wants. 

D. demand deposits. 

Question 2

The largest United States bank in 2008 was: 

A. BankAmerica. 

B. Citigroup. 

C. J.P. Morgan Chase. 

D. Security Pacific. 

Question 3

Which is NOT a job of the Federal Reserve? 

A. Check clearing 

B. Issuing currency 

C. Insuring bank deposits 

D. Controlling the rate of growth of the money supply 

Question 4

The Federal reserve Board has the power to change reserve requirements within legal limits. The limits for checkable deposits are between __________ percent. 

A. 8 and 14 

B. 10 and 12 

C. 15 and 20 

D. 6 and 8