Answer: True
Explanation:
The Federal Reserve requires that all banks with National charters become members of the Federal Reserve so that they may have a say in the way the Fed runs its operations. State banks are not required to join but can if they meet some requirements.
The Office of Comptroller of the Currency (OCC) continually supervises and examines national banks to ensure that they are engaged in best practices regarding their operations and treatment of customers.
Answer: That CPU capacity will double every 2 years.
Explanations:
Moore's law states that transistor capacity doubles in dense integrated circuits every two years, and the law has been true for over 50 years. Consequently, the semiconductor has used this law as a guide for product planning.
Because of nanotechnology, this law may remain valid for many more years.
However, because the cost of production has been increasing, the law is not expected to continue indefinitely.
Reserves - $20,000
Checkable Deposits - $200,000
Reserves Ratio - 10
Household Deposit - $15,000
Level of Excess Reserves - ?
Solution:
Checkable Deposits = $200,000 + $15,000 = $215,000
Required Reserves = 0.10 x $215,000 = $21,500
Excess Reserves = Actual Reserves - Required Reserves
= $35,000 - $21,500 = $13,500
