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Federal Reserve System CE 13d

Total questions: 7

Worksheet time: 7mins

Name
Class
Date
1.

What description best supports the function of the Federal Reserve System?

a)

State's central bank

b)

Nation's central bank

c)

Locality's central bank

d)

City's central bank

2.

Where is the Federal Reserve located?

a)

New York, NY

b)

Hampton, VA

c)

Washington D.C.

d)

Richmond, VA

3.

Choose the key figures that make up the Federal Reserve System.

a)

12 reserve banks

b)

Board of Governors

c)

President of the Fed

d)

Chairperson

4.

Fill in the blank: The Federal Reserve regulates banks to ensure the soundness of the banking system and safety of ______________________.

a)

Loans

b)

Stocks

c)

Deposits

d)

Interest

5.

The Fed influences the money supply and interest rates in the economy to keep this low and stable-

a)

Supply

b)

Price

c)

Interest

d)

Inflation

6.

The Fed provides financial services to who?

a)

Citizens

b)

Banks

c)

Federal Government

d)

Reserve banks

7.

Fill in the blank: The _______________________ is appointed by the president and is approved by the ____________________.

a)

Chairperson: Senate.

b)

President; Senate

c)

Federal Reserve; Congress

d)

President; Chairperson