The Fed's

The Federal Reserve System was established in

• 1799
• 1913
• 1863
• 1881

Which part of the Fed decides when to raise or lower interest rates?

• Board of Governors
• Advisory Committee
• Chairman
• Federal Open Market Committee

Influencing the economy by changing the reserve requirement is called:

• Fiscal policy
• Monetary policy
• Tight Money
• Easy Money

In a recession, the Fed would likely

• Increase the supply of money in the economy
• Decrease the supply of the money in the economy

The Federal Reserve can increase __________, which makes banks more selective when loaning out money

• Reserve Requirements
• Percentage/Earnings Ratios
• Dividends
• Blue Chip Stocks

The current chairperson of the Federal Reserve is:

• Jerome Powell

• Alan Greenspan

• Ben Bernanke

• Janet Yellen

Which is NOT a job of the Fed?

• Process checks for the federal government

• Loan money to individuals and small businesses

• Regulate the money supply

• Clear checks

Finish the statement: Monetary policy affects the _____________________, primarily through changing _____________.

• money supply, interest rates

• Budget, fiscal policy

• interest rates, reserve requirement

• Federal Reserve, printing money

If you want to slow down the economy, the Fed can _________ the money supply by __________ interest rates.

• increase, decreasing

• decrease, increasing

• maintain, maintain

• increase, increase

Ideally, the Fed's target for unemployment is ______.

• 2%

• 0%

• 5%

• 10%