10. The _____ maintains the state’s fiscal accounts and orders payments into and out of the funds held by the Treasurer.*1 pointa. Treasurerb. Comptrollerc. Secretary of State

3. The _____ maintains the official records of the acts of the General Assembly and performs various duties including issuing drivers’ licenses.*1 pointa. Treasurerb. Comptrollerc. Secretary of State

1. The government agency that oversees the banking system and is responsible for theconduct of monetary policy in the United States isA) the Federal Reserve System.B) the United States Treasury.C) the U.S. Gold Commission.D) the House of Representatives.2. Individuals that lend funds to a bank by opening a checking account are calledA) policyholders.B) partners.C) depositors.D) debt holders.3. Total reserves are the sum of ________ and ________.A) excess reserves; borrowed reservesB) required reserves; currency in circulationC) vault cash; excess reservesD) excess reserves; required reserves4. Assuming initially that the required reserve ratio = 10%, the currency-deposit ratio = 75%,and the excess reserve ratio = 156%, an increase in the currency-deposit ratio to 150% causesthe M1 money multiplier to ________, everything else held constant.A) increase from 0.73 to 0.78B) decrease from 0.73 to 0.61C) increase from 1.54 to 1.67D) decrease from 1.67 to 1.545. Suppose that from a new checkable deposit, First National Bank holds two million dollarsin vault cash, one million dollars in required reserves, and faces a required reserve ratio of tenpercent. Given this information, we can say First National Bank has ________ million dollarsin excess reserves.A) oneB) twoC) nineD) ten6. If the required reserve ratio is one-third, currency in circulation is $300 billion, checkabledeposits are $900 billion, and there is no excess reserve, then the M1 money multiplier isA) 2.5.B) 2.8.C) 2.0.D) 0.67.7. The interest rate the Fed charges banks borrowing from the Fed is theA) federal funds rate.B) Treasury bill rate.C) discount rate.D) prime rate.8. The monetary base minus currency in circulation equalsA) reserves.B) the borrowed base.C) the nonborrowed base.D) discount loans.

The controller's responsibilities are primarily ____ in nature, while the treasurer's responsibilities are primarily related to ... A. accounting; financial management B. operational; financial management C. financial management; operations D. financial management; accounting

A -----is a memorandum accounts book used for monitoring Government expenditure and ensuring that there is no extra-budgetary spending Select one: a. Log book b. Treasury book c. Cash book d. Vote book

8. The lawyer for Illinois is ________.*1 pointa. Treasurerb. Comptrollerc. Attorney General