Federal Reserve System Overview

What is the Federal Reserve System also known as?

• The Bank

• The Treasury

• The Fed

• The Reserve

What is another name for the Federal Reserve System?

• The National Bank

• The Fed

• The Central Treasury

• The Reserve Bank

In which country is the Fed the central bank?

• Canada

• United Kingdom

• United States

• Australia

What year marks the establishment of the Federal Reserve System?

• 1900

• 1913

• 1920

• 1930

What is the primary role of the Federal Reserve districts?

• To manage local banks

• To divide the country for better economic management

• To set local tax rates

• To oversee state governments

Which group within the Federal Reserve has the authority to conduct open market operations?

• Federal Reserve Board

• Federal Open Market Committee (FOMC)

• Federal Banking Committee

• Federal Policy Group

Which city is part of the 12th district in the map?

• Dallas

• San Francisco

• Chicago

• Atlanta

Which district includes Alaska and Hawaii?

• 9th District

• 10th District

• 12th District

• 11th District

What must each bank that is a member of the Federal Reserve System keep?

• A savings account

• A reserve account

• A loan account

• A credit account

What type of money does the Fed supply to the economy?

• Gold coins

• Federal Reserve notes

• Digital currency

• Silver bars