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  • Corsera Quiz 2

    Diunggah oleh

    Subodh Mayekar
    753 tayangan2 halaman
    This document contains several multiple choice questions about bank payment systems and the advantages of clearinghouses over bilateral systems. Specifically: 1) Clearinghouses allow for negative balances intraday, while bilateral systems do not, providing more flexibility. 2) Brokers, not dealers, match buyers and sellers in the Fed Funds market without taking positions themselves. 3) When a bank borrows in the Fed Funds market, the Fed's balance sheet does not expand, as Fed Funds represent interbank credit rather than Fed credit. 4) If Bank A does not have sufficient reserves to make a payment for a customer, issuing bank notes would NOT be a method used, as Bank B would refuse

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    This document contains several multiple choice questions about bank payment systems and the advantages of clearinghouses over bilateral systems. Specifically: 1) Clearinghouses allow for negative balances intraday, while bilateral systems do not, providing more flexibility. 2) Brokers, not dealers, match buyers and sellers in the Fed Funds market without taking positions themselves. 3) When a bank borrows in the Fed Funds market, the Fed's balance sheet does not expand, as Fed Funds represent interbank credit rather than Fed credit. 4) If Bank A does not have sufficient reserves to make a payment for a customer, issuing bank notes would NOT be a method used, as Bank B would refuse

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    © All Rights Reserved
    Unduh sebagai DOCX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    753 tayangan2 halaman

    Corsera Quiz 2

    Diunggah oleh

    Subodh Mayekar
    This document contains several multiple choice questions about bank payment systems and the advantages of clearinghouses over bilateral systems. Specifically: 1) Clearinghouses allow for negative balances intraday, while bilateral systems do not, providing more flexibility. 2) Brokers, not dealers, match buyers and sellers in the Fed Funds market without taking positions themselves. 3) When a bank borrows in the Fed Funds market, the Fed's balance sheet does not expand, as Fed Funds represent interbank credit rather than Fed credit. 4) If Bank A does not have sufficient reserves to make a payment for a customer, issuing bank notes would NOT be a method used, as Bank B would refuse

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    © All Rights Reserved
    Unduh sebagai DOCX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 2

    Which of the following is NOT an advantage of the clearinghouse system relative to a bilateral system of

    bank payments?
    Clearinghouses do not permit negative balances intraday
    Negative balances are the source of the relative elasticity of a credit payments system

    Which of the following is NOT an accurate description of dealers in the Fed Funds market?
    Dealers match buyers and sellers without taking positions on their own balance sheets
    Brokers, not dealers, match buyers and sellers without taking positions on their own balance sheets

    Which of the following statements about bank payment systems is NOT true?
    When a bank borrows in the Fed Funds markets, the balance sheet of the Fed expands
    Fed Funds are interbank credit, not Fed credit

    A customer of Bank A orders payment to a customer of Bank B, but Bank A does not have sufficient
    reserves on hand to make the payment. Which of the following methods would NOT be used to make
    the payment?
    Issuing bank notes : which Bank B refuses to accept as payment

    Which of the following is a property of Fed Funds?
    Promise to pay reserves


    Which of the following statements is NOT true about the operation of the bank clearinghouse
    association under the national banking system (before the Fed)?
    The clearinghouse was unable to provide elasticity for its members during a crisis
    Clearinghouse certificates provided elasticity, but only for members, and their legal status was shaky

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