Finance

"The Fed" refers to the....

• Federal Bureau of Investigation
• Federal Government
• Federal Reserve System
• Federal Income Tax

The central bank of the United States is the:

• Federal Reserve Banking System.
• Comptroller's Bank.
• United States National Bank.
• U.S. Treasury Bank.

Which is NOT an objective of the Federal Reserve System.

• Maximum Employment

• Stable Prices

• Observe loans

• Moderate Long term interest rates

How many years does a board of Governor serve?

• 7

• 14

• 20

• 8

Who is the board of governors appointed by?

• Vice President

• President

• Governor

• First Lady

How many banks make up the system.

• 10

• 11

• 12

• 13

This is the FED's policymaking body.

• Advisory Council

• Federal Open Market Committee

• FED

• Monetary Policy

Money is created by the......?

• Your bank

• Central Bank

• President

• Vice President

A fee paid by borrower for using money/assets.

• Principal

• Rate

• Time

• Interest

This is the formula for .........?

I=PxRxT

• Compound Interest

• Simple Interest