Questions of the Principles of Economics

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1. Describe the national bank system as it stood in 1913, with respect to (a) note issue ; (b) reserve requirements.
Wherein had the system proved satisfactory?
27. 2. What specific defects in the national bank system was the Federal Reserve Act of 1913 designed to remedy?
What measures were adopted to this end?
27. 3. What legal regulations respecting reserves against deposits in national banks exist at present ?
To what extent are such provisions found in other countries?
To what extent and f
...or what reasons are they desirable?
unnecessary ?
27. 4. Describe the organization of a Federal Reserve Bank. What are its chief functions?
27. 5. For what different types of notes is provision made under the Federal Reserve Act? What regulations govern the issue of each? What is their relative importance? What purposes are served by each?
27. 6. What requirements does the Federal Reserve Act establish for reserves of Federal Reserve Banks against (a) their deposits? (b) Federal Reserve Notes?
27.


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