If the required reserve ratio for the Third National Bank is 10 percent, what is the monetary multiplier? Money and Banking Answers to Assignment 1 (Ch Ch) Short Answer Questions: 1.Study with Quizlet and memorize flashcards containing terms like Mutual Fund, Load Fund, Deferred Load Fund and more. A bank is a financial institution licensed to receive deposits and provide other services such as mortgage loans and individual retirement accounts. 7) Money is defined as B. A) bills of exchange. B) anything that is generally accepted in payment for goods and services or in the repayment of debt. The money supply is the sum total of all of the currency and other liquid assets in a country's economy on the date measured. The document contains instructions for an assignment in Money and Banking. This Strategy identifies, prioritizes, and coordinates actions to improve security, governance, human rights, and economic conditions in the region.