Monetary Policy Practice

This was created in 1913 to help stabilize the banking system in the United States

• Federal Reserve System
• Mr. Pips Tortilla company
• The Atlanta Falcons
• Money

Which of the following is NOT one of the three parts of the FED?

• District Banks
• Federal Open Market Committee
• Board of Governors
• Fiscal Policy

How does FOMC stand for?

• Federal Option Comic maker
• Federal Open Market Committtee
• Fruit loops
• Federal Open Madonna Coolness

Who serves on the Federal Open Market Committee?

• The Board of Governors and 5 of the district bank presidents
• Mr. Coleman
• Mr. Pips
• 5 reps and 6 senators

Which district bank president has a permanent seat on the FOMC?

• Atlanta
• Chicago
• New York
• Augusta

How many District Banks are there?

• 5
• 13
• 12
• 1

Who is the current chair of the FED?

• Janet Yellen
• Ben Bernanke
• Allan Greenspan
• Mr. Pips

Which of the following is NOT one of the three goals of Monetary Policy?

• Moderate long term interest rates
• Cut taxes
• Maximize employment
• Stabilize prices

Actions by the FED that alter the supply and cost of money to achieve stable prices, stable interest rates, and full employment

• Monetary Policy
• Fiscal Policy
• Money money
• Policy policy

Which of the following is NOT one of the tools of monetary policy?

• Open Market Operations
• Discount Rate
• Reserve Requirement 
• Government Spending