1. Member banks obtain funds (i) by borrowing from reserve banks.
2. Customers deposit cash (a) into banks.
3. The Fed requires banks to keep 20 percent of all finds (g) at hand.
4. Many state banks do not join (c) the Federal Reserve System.
5. The bank loans 80 percent of the funds and keeps 20 percent all funds (f) as deposit.
6. All federal banks work (e) under regulations worked out by the Federal Reserve System.
7. The credit customers pay the margin (b) in advance.
8. The Fed influences the rate at which banks lend funds (h) to their customers.
9. Member banks borrow money (j) from their district reserve banks.
10. Putting more money (d) of circulation the Fed increases the money supply.
1. This work will be done tomorrow.
2. The text was translated last lesson.
3. Many houses are built in our town every year.
4. Bread is eaten every day.
5. We were invited to a concert last Saturday.