Which of the following is NOT represented in the acronym CAMELS?
A) Credit
B) asset quality
C) Liquidity
D) Earnings
________ is a bank regulator's choice not to shut down an insolvent bank.
A) Forbearance
B) Reassurance
C) Relief
D) Decision
The president of the Federal Reserve Bank of ________ always sits on the FOMC.
A) Philadelphia
B) Washington, DC
C) Chicago
D) New York
The federal funds rate target is determined by the:
A) Office of the Comptroller of the Currency.
B) The Federal Open-Market Committee.
C) The Board of Governors of the Federal Reserve System.
D) The Federal Deposit Insurance Corporation.
Answer 1 - credit
Reason- acronym camels include following
Answer 2 - decision
Reason - decison is banks regulator choice to not to shut down an insolvent bank
Answer 3 - correct option is new york
Reason - the president of the federal reserve bank of new york always sits on FOMC
Answer 4 - correct option is determined by federal open market committe
Reason - the federal funds rate is determined by federal open market committee
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