The monetary base comprises currency in circulation and checks not yet cleared.
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Q29: A major asset of the Federal Reserve
Q30: The seven members of the Board of
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Q32: All national banks must join the Federal
Q33: The Federal Reserve was created in 1933
Q35: Congress has no oversight of the Fed.
Q36: The most important new power granted to
Q37: Quantitative easing consists of the Fed buying
Q38: Excess reserves cost a depository institution nothing
Q39: The TARP program allowed the government to
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