10-point question The Fed has three different major areas of responsibility (I referred to this as wearing three different hats). Identify these three areas and pick one area to explain in greater detail.

Suppose that from a new checkable deposit, First National Bank holds one million dollars in vault cash, nine million dollars on deposit with the Federal Reserve, and two million dollars in required reserves. Given this information, we can say First National Bank faces a required reserve ratio of ________ percent.

If the required reserve ratio is 5 percent, the excess reserve (simple deposit) multiplier is

Mechanical ventilation can lead to which of the following complications? 1. Barotrauma 2. Increased renal output 3. Decreased cardiac output 4. Increased venous return

Which of the following is NOT an activity carried out by all of Federal Reserve district banks?

Which of the following is a liability of the Fed?

If a commercial bank repays a $75 million discount loan, we would expect the money supply to ____ by ____.

To most effectively increase a sedated, paralyzed patient’s alveolar minute ventilation while the patient is on volume controlled ventilation in the assist control mode, you would recommend increasing which of the following?

The most reliable method of determining whether the lungs of a patient receiving mechanical ventilation are getting stiffer and harder to ventilate is by measuring which of the following?

Members of the Board of Governors