The Federal Reserve System

What organization is known as the "Fed"?

• Federal Bureau of Investigation

• Federal Reserve System

• Federal Crop Insurance Corporation

• Federal Deposit Insurance Corporation

What is the federal reserve responsible for?

• Making enforcing rules about what banks can/can't do

• Examining our taxes

• Controlling military money

• Nothing

What does FOMC stand for?

• Federal Open Money Committee

• Federal Operational Money Corporation

• Federal Open Market Committee

• Federal Operational Market Corporation

What is the FOMC responsible for?

• Deciding the fiscal policy of the fed

• Deciding the monetary policy of the Fed

• Controlling everybody's money

• Nothing

How many Federal Reserve Districts are there?

• 5

• 7

• 10

• 12

Where is the 6th federal reserve district located?

• Minneapolis, MN

• Dallas, TX

• Atlanta, GA

• Chicago, IL

Where is the 12th Federal Reserve District located?

• Atlanta, GA

• New York City, NY

• Kansas City, KS

• San Francisco, CA

Where is the 1st Federal Reserve District located?

• Philadelphia, PA

• Boston, MA

• Cleveland, OH

• Richmond, VA

Where is 11th Federal Reserve District Bank located?

• Dallas, TX

• Chicago, IL

• Minneapolis, MN

• St. Louis, MS

How many federal district banks process checks?

• 12

• 5

• 3

• 1