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Worksheetsfederal reserve system review
Total questions: 15
Worksheet time: 8mins
the goals of monetary policy do NOT include the promotion of____________?
maximum employment
stable prices
moderate long-term interest rates
low taxes
in which city is the Board of Governor's office located?
Philadelphia
Boston
Washington D.C.
New York City
which is NOT a Monetary Policy tool?
discount rate
balance account
open market operation
reserve requirements
FOMC, the policy making body of the Federal Reserve, stands for_________?
Fiscal Operating Money Committee
Federal Open Market Committee
Financial Options Management Corporation
Final Organized Money Company
inflation is a sustained increase in the general level of________?
prices
accounts
income
profit
Federal Reserve Board of Governors members serve _______ terms to insulate them from political influence.
7 years
14 years
25 years
lifetime
which Federal Reserve Bank always has voting rights on FOMC?
Dallas
Kansas City
New York
Chicago
the minutes of each FOMC meetings are published and available to the public.
true
false
Monetary Policy refers to what the Federal Reserve does to influence the amount of____and____in the U.S. economy.
interest and debt
currency and gold reserves
money and credit
taxes and revenue
Federal Reserve Board of Governors members are appointed by the____and confirmed by the____.
treasury; congress
public; house of representatives
president; senate
federal reserve presidents; treasury
the federal funds rate is set by the FOMC and refers to______.
the rate in which the treasury measures the deficiency
the interest rate that banks use to lend to each other overnight
the interest rate that banks are charged to borrow from the fed
the rate that affects what fees banks charge consumers
does increasing the money supply cause inflation or deflation?
inflation
deflation
fee charge to borrow money.
inflation
interest
discount rate
reserve requirement
the president selects one of the governors to serve as a chairman. how long does the chairman serve?
2-year term
5-year term
4-year term
3-year term
in a recession, the fed would likely...
increase the supply of money in the economy
decrease the supply of the money in the economy
keep the supply of the money in the economy the same
