Multiple Choice Questions

14 years.
  • How many districts are in the federal reserve system?
  • How long do the Board of Governors serve?
  • How many people are on the Board of Governors?
  • How many Branch banks are there?
Congress wrote the act in 1913.
  • What is the purpose of the Federal Reserve Banks?
  • How do they Board of Governors get their jobs?
  • When was the Federal Reserve system created?
  • Why was the Federal Reserve system created?
- raise interest rates - raise reserve requirements - sell securities
  • What is the purpose of the Federal Reserve Banks?
  • How do they Board of Governors get their jobs?
  • Monetary Policy Options to Fight Recession
  • Monetary Policy Options to Fight Inflation
The minimum interest rate set by the Federal Reserve for lending to other banks.
  • Discount rate: increase/ decrease
  • Discount Rate
  • Open Market Operations
  • Reserve Requirement
The seven governors from the Board and 5/12 presidents of the Reserve Banks.
  • When was the Federal Reserve system created?
  • What is the purpose of the Federal Reserve Banks?
  • Who is on the FOMC?
  • How do they Board of Governors get their jobs?
The process of which the Federal Open Markets Committee buys and sells securities to set the money supply.
  • Open Market Operations
  • Reserve Requirement
  • Open Market Operations: increase/ decrease money supply
  • What is the federal funds rate?
- Fostering safe sound and competitive practices in the nations banking system.- Protecting consumer's financial transactions. - regulating the bank.
  • What are the Fed's three main responsibilities?
  • What is the role of the Board of Governors?
  • 3 duties that are associated with supervising banks.
  • Three tools that Fed has to carry out its monetary policy goals.
Increase: reduced the volume of deposits that can be supported by a given level of resources Decrease: leaves depositories with excess reserves which can induce the expansion of bank credit.
  • Reserve Requirement
  • Reserve Requirement: increase/ decrease
  • What is the role of the Board of Governors?
  • Discount rate: increase/ decrease
- lower interests rate - lower reserve requirements - buy securities
  • How do they Board of Governors get their jobs?
  • Monetary Policy Options to Fight Recession
  • Monetary Policy Options to Fight Inflation
  • What is the purpose of the Federal Reserve Banks?
They are appointed by the president and confirmed by the U.S. Senate.
  • Monetary Policy Options to Fight Recession
  • Who is on the FOMC?
  • How do they Board of Governors get their jobs?
  • What is the purpose of the Federal Reserve Banks?
Increase: will make it more expensive for banks to borrow and decrease the money supply Decrease: will make it cheaper for commercial banks to borrow money and increase money supply.
  • Open Market Operations: increase/ decrease money supply
  • Discount rate: increase/ decrease
  • Discount Rate
  • Reserve Requirement: increase/ decrease
To write regulations that make commercial banks financially in check and strengthen the nation's economy.
  • What is the role of the Board of Governors?
  • What are the Fed's three main responsibilities?
  • What is the federal funds rate?
  • What are the 3 audiences of the Reserve Banks?
Buying bonds>>> to banks>>> loan out money>>> back to consumers
  • Reserve Requirement
  • Discount Rate
  • Open Market Operations
  • Circulating money
Increase: buy securities Decrease: sell securities
  • What does it mean to "conduct monetary policy"?
  • Reserve Requirement: increase/ decrease
  • Open Market Operations
  • Open Market Operations: increase/ decrease money supply
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Multiple Choice Questions
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