Fichas
Banking Systems Review
Fichas del conjunto (11)
- 1This act allow banks to consolidate so they may act as investment banks AND commercial banks while being able to also provide investment insuranceGramm-Leach Bliley Act
- 2What will happen to the economy is the FED raises interest rates (discount rate)?Less consumer spending = economic slowdown
- 3The number of Federal Reserve Districts = ?12
- 4Insures money in banks up to $250,000FDIC - Federal Deposit Insurance Corporation
- 5This Act established a uniform standard of currency (Civil War Era) and a dual banking system (national and state banks)National Banking Act of 1863 (into 1864)
- 6This type of bank offers FULL banking services to its customers like accepting deposits and making loans (Ex: Citibank)commercial banks
- 7This Act established the FDIC (Federal Deposit Insurance Corporation) as a result of the Great DepressionGlass-Steagall Banking Act
- 8What will happen to the economy if the FED (Federal Reserve) lowers interest rates (discount rate)?Increased consumer spending = economic boost
- 9Who is the Federal Reserve policy making group?FOMC - Federal Open Market Committee
- 10Their job is to regulate banks, control interest rates, loan money to banks, and issue gov't bondsFED - Federal Reserve System
- 11Can you name 3 basic types of bank accounts?Checking, Savings, and CD (Certificate of Deposit)
Información
- Descripción
- History of banks, types of banking systems, Federal Reserve
- Creado por
- Jeff Davidson
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- 113
- Etiquetas
- Valoración