Deep Dive The Fed

Front

The federal Reserve is made up of three parts, Which of the following is not a part of the federal reserve Bank? The Board of Governors, The Reserve Banks, The Presidents Cabinet, The Federal Open Market Committee

Back

The Presidents Cabinet

Front

How Many Reserve Banks are there?

Back

12

Front

In the 1900s, when a bank closed many of people would run to their banks and withdraw all their money what was this called?

Back

Bank Run

Front

What year was the Federal Reserve act put into law?

Back

1913

Front

Where is the Board of Governors located?

Back

Washington, D.C.

Front

How Many Members are on the Board of Governor?

Back

7

Front

Who Appoints the 7 Governors?

Back

The President

Front

What Does FOMC stand For?

Back

Federal Open Market Committee