Capital Notes

question 103

Multiple Choice

Capital notes:

• A)are subject to reserve requirements
• B)are assets of the banks that issue them
• C)are always subordinated to the claims of bank depositors
• D)reflect short-term borrowing on the part of the bank

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Definitions:

House of Representatives

The lower chamber of the United States Congress, comprised of representatives from each state, proportional to population, who are elected to serve two-year terms.

Senate

The upper chamber in a bicameral legislative system, often responsible for making and passing laws alongside a lower house.

Bagel Press

A kitchen tool or machine designed specifically for shaping bagels uniformly before they are cooked.

Bagels

A type of dense, chewy bread in the shape of a ring, traditionally boiled before being baked.