Federal Reserve System CE 13d

What description best supports the function of the Federal Reserve System?

• State's central bank

• Nation's central bank

• Locality's central bank

• City's central bank

Where is the Federal Reserve located?

• New York, NY

• Hampton, VA

• Washington D.C.

• Richmond, VA

Choose the key figures that make up the Federal Reserve System.

• 12 reserve banks

• Board of Governors

• President of the Fed

• Chairperson

Fill in the blank: The Federal Reserve regulates banks to ensure the soundness of the banking system and safety of ______________________.

• Loans

• Stocks

• Deposits

• Interest

The Fed influences the money supply and interest rates in the economy to keep this low and stable-

• Supply

• Price

• Interest

• Inflation

The Fed provides financial services to who?

• Citizens

• Banks

• Federal Government

• Reserve banks

Fill in the blank: The _______________________ is appointed by the president and is approved by the ____________________.

• Chairperson: Senate.

• President; Senate

• Federal Reserve; Congress

• President; Chairperson