Atlanta Fed Quiz

What is the Federal Reserve?

• The extra money the government has for a rainy day

• The government's bank account

• The government agency that investigates crime

• The Central Bank of the US

Where is the Board of Governors located?

• Washington, D.C.

• Chicago

• New York City

• Los Angeles

How many district banks are there?

• 50

• 1

• 25

• 12

Which Federal Reserve District do we live in?

• Boston - District 1

• Cleveland - District 4

• Philadelphia - District 3

• New York - District 2

What states are part of our Federal Reserve District?

How many Federal Reserve District Bank presidents vote as part of the Federal Open Market Committee?

• 4

• 5

• 7

• 12

How many governors make up the Board of Governors?

• 4

• 5

• 7

• 12

What Federal Reserve District Bank president is a permanent voting member of the Federal Open Market Committee?

• San Fransisco

• Boston

• Philadelphia

• New York

How many times a year does the Federal Open Market Committee (FOMC) meet?

• 5

• 12

• 7

• 8

Match the Functions of the Federal Reserve with its Description

• Overseeing banks

• Supervision and Regulation

• Overseeing consumer laws

• Consumer Protection and Comm. Dev.

• Controlling money & credit

• Financial System Stability

• Overseeing the financial systerm

• Payment Services

• Overseeing checks & electronic payments

• Monetary Policy