In Addition to Paying Interest on Reserves Starting in October

question 34

Multiple Choice

In addition to paying interest on reserves starting in October 2008, the Fed also provided

• A)lending against a variety of collateral, such as commercial paper and mortgage-backed securities.
• B)advice on how to conduct contemporaneous reserve accounting.
• C)the power for banks to print and distribute their own currency.
• D)staff people to help banks make real-estate decisions regarding the locations of their branch offices.

---

Definitions:

Virginia

A state in the southeastern United States, known for its significant history in the founding of America, including being the site of the first permanent English settlement in Jamestown.

Maryland's Founder

Refers to George Calvert, 1st Lord Baltimore, who played a pivotal role in the founding of the Province of Maryland as a haven for English Catholics.

Cecilius Calvert

The second Lord Baltimore, an English nobleman who founded the colony of Maryland in the 17th century as a haven for English Catholics.

Feudal Domain

Lands during the Middle Ages under the control of a lord or noble, governed based on feudalism where peasants worked the land in exchange for military protection.