On the Books of the Fed the Difference Between Borrowed

question 13

Multiple Choice

On the books of the Fed the difference between borrowed reserves and discount loans is equal to

• A)excess reserves.
• B)required reserves.
• C)currency in circulation.
• D)zero; they are the same thing.

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Definitions:

Caste System

A form of social stratification where individuals are born into a fixed social group or caste, determining their social status, occupation, and potential marriage partners.

Conspicuous Consumption

The act of purchasing and using goods and services to publicly display economic power or social status, rather than to meet the basic needs.

Class Consciousness

The awareness that a class structure exists and the feeling of shared identification with others in one’s class with whom one perceives common life chances.

Social Stratification

A relatively fixed hierarchical arrangement in society by which groups have different access to resources, power, and perceived social worth; a system of structured social inequality.