Roles of the Federal Reserve Test

Front

There are _______ Regional Federal Reserve Banks, and one Federal Reserve Board of Governors.

Back

12

Front

Too much money in our economy leads to

Back

Inflation

Front

The Federal Reserve is called "The Bankers Bank" because it supervises banks and is responsible for enforcement of rules regarding what is acceptable behavior for financial institutions.

Back

True

Front

What is the name of our nation's central bank and when was it created when Congress wrote the federal reserve act?

Back

The Federal Reserve 1913

Front

The Federal Open Market Committee is the Fed's chief body for...

Back

monetary policy

Front

The Fed ______________ banks to ensure the soundness of the banking system.

Back

regulates

Front

The ___________ writes the regulations that make commercial banks financially sound and make our nation's economy strong.

Back

Board of Governors

Front

The fed manages the amount of __________ in the economy to try to keep inflation low and stable.

Back

money

Front

The Federal Reserve...

Back

Regulates the amount of money in circulation, Supervises banks, Provides financial services to banks and the public.

Front

The amount of deposits that banks are required to keep on hand is called...?

Back

reserve requirements