Seven officials nominated by the President and confirmed by the Senate.

A sequence of actions that securely transfer funds between two parties.

Twelve regional banks of the Federal Reserve that supervise banks within their region, pay bills for the United States and manage the nation's money supply.

A function of the Federal Reserve that offers loans to banks experiencing significant financial difficulty or nearing collapse.

Federal Official Money Committee

Federal Open Market Committee

Federal Organization for Monetary Control

Federal Operations and Management Committee

The Secretary of the Treasury

The Board of Governors

The President of the United States

The Chief Financial Officer of the Federal Reserve

To ensure a nation's economy remains healthy by regulating the amount of money in circulation.

To offer loans to banks experiencing significant financial difficulty or nearing collapse.

To influence the economy through the use of interest rates and bank reserve requirements.

The sequence of actions that securely transfer funds between two parties, typically involving electronic authorization, verification and settlement.

To transfer funds securely between two parties.

To offer loans to banks in financial difficulty.

To ensure a nation's economy remains healthy by regulating the amount of money in circulation.

To supervise banks within their region and manage the nation's money supply.

Managing the nation's money supply and supervising banks.

Regulating the amount of money in circulation to maintain a healthy economy.

Offering loans to banks experiencing significant financial difficulty or nearing collapse.

Transferring funds securely between a payer and payee.

The process of managing currency and supervising banks.

The amount of cash banks must have on deposit with their regional Federal Reserve Bank.

A system in which only a fraction of bank deposits are required to be available for withdrawal so that those deposits can create loans.

A set of tools used by the Federal Reserve to influence the economy.

The sequence of actions that securely transfer funds between two parties.

The amount of cash banks must have on deposit with their regional Federal Reserve Bank.

A financial institution responsible for managing currency and formulating monetary policy.

A set of tools used by the Federal Reserve to offer loans to banks.

To regulate the nation's money supply and moderate economic fluctuations

To collect taxes from citizens

To fund government projects directly

To set federal laws

It becomes more expensive for banks to borrow money and encourages saving.

It becomes cheaper for banks to borrow money and encourages spending.

The money supply decreases

Reserve requirements for banks increase

The interest charged to banks on loans they receive from the Federal Reserve.

The rate at which banks lend to each other overnight

The interest rates set by banks for consumer loans

The rate at which the government borrows from the Federal Reserve

It stimulates economic growth by encouraging spending and investment

It slows down the economy by encouraging saving.

It has no effect on the economy

It directly increases consumer savings rates