A Bank Would Consider Which of the Following as Nonprivate

question 8

Multiple Choice

A bank would consider which of the following as nonprivate information?

• A)Customer name.
• B)Customer address if the customer is a business.
• C)Customer phone number if it is listed number.
• D)All of the above, A, B, and C, are private and privileged types of information.

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Definitions:

Required Reserves

The portion of depositors' balances that banks must have on hand as cash or in reserves at a central bank, used as a measure to ensure liquidity.

Excess Reserves

Banks' reserves held at the central bank over and above the required minimum, which can influence the banks' ability to lend and thus affect the money supply.

Federal Reserve System

The central banking system of the United States, responsible for monetary policy, regulation of banks, and maintaining financial stability.

Federal Funds Rate

The interest rate at which depository institutions lend reserve balances to other depository institutions overnight, on an uncollateralized basis.