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TIOB Professional Banking Economics — practice by topic

Browse 30 questions across 3 Economics topics. Choose what you want to revise, then open a question to check its answer and worked solution.

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Economics topics

Banking (30)Economics (30)Monetary Policy (30)

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The institution that conducts monetary policy and keeps the financial system running smoothly is the:Read the answer and worked solution →In setting the money supply, a central bank aims at low inflation and low:Read the answer and worked solution →Regional Federal Reserve banks supporting commercial banks in their districts number:Read the answer and worked solution →Commercial banks hold an account at the central bank in which they deposit:Read the answer and worked solution →

Worked practice questions

The institution that conducts monetary policy and keeps the financial system running smoothly is the:

  1. Central bank
  2. Chamber bank
  3. Clearing bank
  4. Contract bank
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Correct answer: A. Central bank

1. Commercial banks serve households and firms. 2. One national institution stands above them. 3. That institution is the central bank. _Source: OpenStax Principles of Economics 3e, Chapter 28, Monetary Policy and Bank Regulation._

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In setting the money supply, a central bank aims at low inflation and low:

  1. Understanding
  2. Unemployment
  3. Underwriting
  4. Undertaking
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Correct answer: B. Unemployment

1. Two macroeconomic evils are targeted together. 2. One is rising prices. 3. The other is joblessness, or unemployment. _Source: OpenStax Principles of Economics 3e, Chapter 28, Monetary Policy and Bank Regulation._

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Regional Federal Reserve banks supporting commercial banks in their districts number:

  1. 12
  2. 10
  3. 14
  4. 20
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Correct answer: A. 12

1. Each covers a defined geographic district. 2. Together they span the country. 3. There are 12 of them. _Source: OpenStax Principles of Economics 3e, Chapter 28, Monetary Policy and Bank Regulation._

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