Federal Reserve

Front

How many districts are there in the Federal Reserve System?

Back

12

Front

How are the tasks of regulation and supervision of the banking system completed by the Federal Reserve System?

Back

The Board of Governors regulates, the Reserve Banks supervise.

Front

The FOMC determines the target range for which important interest rate?

Back

Federal funds rate

Front

Which of the following encouraged Congress to create the Federal Reserve System? Stock market crash, High inflation, High unemployment, Banking panics

Back

Banking panics

Front

Federal Reserve economists generally agree that the economy performs well when: Inflation is low and prices are stable.

Back

Inflation is low and prices are stable.

Front

Which part of the Federal Reserve System serves as the “bankers bank”?

Back

Federal Reserve Banks

Front

How are the members of the Board of Governors selected?

Back

They are appointed by the President and confirmed by the U.S. Senate.

Front

How many governors make up the Board of Governors?

Back

7

Front

The Federal Open Market Committee (FOMC) is composed of:

Back

The members of the Board of Governors and the Reserve Bank presidents.

Front

Which part of the Federal Reserve System is responsible for monetary policy?

Back

Federal Open Market Committee