The Federal Reserve

The issue of a _____________ has been debated since 1790.

• Federal Government

• Central Bank

• monetary policy

• board of governors

What is the Federal Reserve System often referred to?

• Central Bank

• money banks

• The Fed

• ATM

In ________, Congress adjusted the Federal Reserve structure so that the system could respond more effectively to crises.

• 1900

• 1776

• 1992

• 1935

How many federal districts are there?

• 12

• 25

• 30

• 7

Actions taken by the Federal Reserve are called _________ policy.

• monetary

• rules

• Money

• governors

How many Federal Reserve Banks are there per district?

• 7

• 2

• 1

• 12

The FOMC consists of consists of The Board of Governors and _____ of the 12 district bank presidents

• 12

• 7

• 5

• 1

The interest rate at which banks can borrow money from the Fed is called the ___________.

• discount rate

• federal funds rate

• inflation

• interest rate

The Fed uses ________ to control how much money is in circulation at any one time.

• money

• inflation

• reserves

• Board of Governors

The Federal Reserve is best known for its role in regulating the _____________.

• inflation

• money supply

• interest rate

• funding