monetary policy notes

What was created to oversee the banking system?

• Federal Reserve Bank

• National banks

• The Government

• The FDIC

When was the Federal Reserve Created?

• 1913

• 1900

• 1935

• 1953

How is the Federal reserve set up?

• There are district banks all equal in power. Each regulates and region

• There is only one Federal reserve bank, and it regulates the entire economy

• There is a a bank on each coast to regulate that half of the countries banks

• Mrs. Vosika runs the Fed and therefore has all the power

How any district banks are there?

• There are 12 district banks, all equal in power.

• There are 12 district banks, some are more powerful than others

• There are 13 district banks, all equal in power.

• There are 13 district banks, some are more powerful than others

Who runs the Federal Reserve

• A 7 person board of governors, elected by the people

• 7 person board of governors, appointed by the President and approved by senate

• 7 person board of governors elected by banks

• Mrs. Vosika

The FED (Federal Reserve) is the United states _____________ bank

• Central

• national

• state

• Regional

What is a central bank

• a bank that lends to other banks in time of need AND it is the governments bank

• It is like any other national bank

• It is a bank for major corporations and for the government

• It is not a real thing

What are the current responsibilities of the FED?

• Regulate current banking system

• oversee international banking and bank merges

• regulate the money supply and conduct monetary policy

• accept deposits from businesses and people

Now that we have measured the economy, how can it be fixed if necessary

• Monetary policy

• Momentary policy

• Fiscal policy

• Physical policy

What is monetary policy?

• How the FED increases or decreases the money supply to fix economic problems

• How the government increases or decreases the money supply to fix economic problems

• How the government changes taxes and government spending to fix economic problems

• How the FED changes taxes and government spending to fix economic problems