The Federal Reserve!

What is the full name of "The Fed"?

• The Federal Reserve

• The Federal Bureau of Investigation

• The Federal Government

• The Federal Fed Fed Federal

Who is in charge of the Federal Reserve?

• The Illuminati

• The Board of Governors

• U.S. Congress

• The President of the United States

The Federal Reserve influences banking in all of the following ways EXCEPT:

• controlling the amount of money in circulation
• controlling the interest rates at which banks borrow money
• regulating how much money banks must keep on hand, or in reserve
• monitoring how federal agencies use tax dollars

The interest rate the Fed charges other banks

• discount rate
• monetarism
• prime rate
• open market operations

Why was Janet Yellen considered one of the most powerful people in the World

• She was the world's richest person

• She was actually Queen Elizabeth II of Britain

• She was the Chairperson of the Federal Reserve

• She was the head of the International Monetary Fund

Which of these describes the Fed’s Board of Governors?

• There are fourteen of them, elected by popular vote every four years

• There are seven of them, chosen by the President to serve fourteen-year terms.

• There are twelve of them, chosen by the President to serve four-year terms.

• There are seven of them, each of them also serving in a Congressional financial subcommittee.

How many Federal Reserve districts are there?

• 1
• 5
• 7
• 12

The ___ District Federal Reserve Bank serves Gurnee.

• Memphis

• Richmond

• Columbia

• Chicago

Which is a main goal of the Federal Reserve?

• Create a high level of inflation

• Create a stable, healthy economy

• Print currency for American citizens

• Develop new laws for the United States

Which does NOT describe a role of the Federal Reserve?

• Provide special financial services to banks.

• To regulate & watch US banks.

• Keep the economy stable & healthy through Monetary Policy.

• Decide whether or not to raise or lower US taxes.