Question 1Commercial banks are required by law to hold reserves. These reserves are specified as percentages of a banks:A. total assets.B. total liabilities.C. checkable deposit liabilities.D. holdings of government securities.Question 2Foreigners especially __________ consider American dollars particularly one hundred dollar bills as a much better medium of exchange and standard of value than there owns currencies.A. GermansB. BraziliansC. AsiansD. RussiansQuestion 3Barter involves:A. money.B. specialization.C. a double coincidence of wants.D. demand deposits.Question 4The largest United States bank in 2008 was:A. BankAmerica.B. Citigroup.C. J.P. Morgan Chase.D. Security Pacific.
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