FIN 100_Week_3_Quiz Strayer University

FIN 100_Week_3_Quiz Strayer University FIN100 Week 3 Questions With Complete Answers 2021 question 1 In fall 2008, the U.S. Congress and President George W. Bush responded to the financial crisis with the passage of the _____________ in early October of that year. Economic Stimulus Act Economic Recovery Act Economic Stabilization Act Economic Booster Act question 2 This act requires disclosure of information about the services and costs involved at the time of settlement when property is transferred from seller to buyer. The Safe Real Estate Purchase Act The Electronic Funds Transfer Act The Real Estate Settlement Procedures Act The Consumer Leasing Act question 3 Automatic stabilizers include all of the following except unemployment insurance social security welfare pay-as-you-go tax system question 4 Amount by which a depository institution’s bank reserves are less than required reserves. Required reserves Deficit reserves Bank reserves Excess reserves question 5 When the Federal Reserve System was created, it was thought that its most important influence over monetary conditions would be lending to banks to bolster their reserve positions. quantitative easing. the issuance of Federal Reserve notes. the changing of reserve requirements. question 6 __________________ become the most important and effective means of monetary and credit control. Changing reserve requirements has Changing the discount rate has Open market operations has Changing the Treasury bill rate has question 7 The Federal Open Market committee establishes and administers protective consumer finance regulations. furnishes currencies. handles U.S. government debt and cash balances. buys and sells securities. question 8 Created to issue its own debt securities to obtain funds that are invested in mortgages made to low to moderate income home purchasers Government National Mortgage Association Federal National Mortgage Association Federal Home Loan Mortgage Corporation Federal Reserve System question 9 In our financial system, the money multiplier is not affected by the Federal Reserve can fluctuate over time is not affected by the nonbank public is not affected by the U.S. Treasury question 10 This is the study of how growth driven, performance focused, early stage firms raise financial capital and manage operations and assets. Corporate finance Business finance Entrepreneurial finance Personal finance None of the above question 11 Primary groups of policy makers that are actively involved in achieving U.S. economic policy objectives include which of the following? Commercial banks The president State legislatures Foreign governments question 12 Our country’s economic policy actions are directed toward all of the following goals except balance in the federal budget. high employment. price stability. economic growth. uestion 13 Formed to support mortgage markets by purchasing and holding mortgage loans, Government National Mortgage Association Federal National Mortgage Association Federal Home Loan Mortgage Corporation Federal Reserve System question 14 The members of the Fed Board of Governors are elected by the member banks. appointed by the President of the United States with the advice and consent of the Senate. appointed by the Secretary of the Treasury. appointed by each of the Federal Reserve banks. question 15 In an effort to stimulate economic activity, Congress and the president passed the $787 billion _________________________________ in February, 2009 with the funds to be used to provide tax relief, appropriations, and direct spending. American Reconstruction and Reconfiguration Act of 2009 American Real Estate and Reconstruction Act of 2009 American Real Estate Reinvestment Act of 2009 American Recovery and Reinvestment Act of 2009 question 16 Involves evaluating credit applications and collecting amounts owed by credit customers. Cash management analyst Capital expenditures analyst Credit analyst Cost analyst Tax analyst question 17 The Fed discount rate is the rate charged a bank’s best customers. the rate paid by large business with good credit. the rate a bank must pay to borrow from the Fed. the rate one bank loans to another bank. question 18 Amount by which a depository institution’s bank reserves are greater than required reserves. Required reserves Deficit reserves Bank reserves Excess reserves question 19 Currently, the backing for Federal Reserve’s notes is primarily in the form of gold certificates. gold bullion. eligible paper (business notes and drafts). the credit of the Federal Reserve. question 20 Assume that a banking system must keep reserves of 20% against deposits. The bank receives a primary deposit of $20,000. What would be the maximum amount of loan that could be made by the system? $16,000 $40,000 $80,000 $100,000