The Federal Reserve Began Paying Interest on Reserves in What

question 54

Multiple Choice

The Federal Reserve began paying interest on reserves in what year?

• A) 1791
• B) 1907
• C) 1945
• D) 2008

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Definitions:

Credit Rating

An assessment of the creditworthiness of a borrower, either a business or a governmental entity, reflecting their ability to repay borrowed money.

Bondholder

An investor who owns bonds issued by a corporation or government, entitling them to receive fixed interest payments.

Board Of Directors

A group of individuals elected by shareholders to oversee the management and governance of a corporation.

Convertible Bond

A type of bond issued by corporations that can be converted into a predetermined number of shares of the issuing company's stock at certain times during the bond's life, usually at the discretion of the bondholder.