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Last Update: 2016-11-01
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NO.1 Netting is used by which of the following as a cross-border payment technique?
A. Foreign subsidiaries of a company
B. TARGET participants
C. European giro providers
D. Counterparties in a letter of credit transaction
Answer: A
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NO.2 The Fed can reduce the money supply by doing which of the following?
1.Increasing reserve requirements 2.Purchasing government securities 3.Increasing legal lending
limits 4.Selling government securities
A. 1 and 2
B. 2, 3, and 4
C. 3 and 4
D. 1 and 4
Answer: D
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