Federal Reserve Review

Front

"The Fed" refers to the....

Back

Federal Reserve System

Front

Influencing the economy by changing the reserve requirement is called:

Back

Monetary policy

Front

What does Inflation do to the value of money?

Back

Makes it go down.

Front

Does increasing the money supply cause inflation or deflation?

Back

Inflation

Front

The primary role of the Federal Reserve Bank is to steer the economy by

Back

controlling the money supply.

Front

In a recession, the Fed would likely

Back

Increase the supply of money in the economy

Front

The Federal Reserve can increase __________, which makes banks more selective when loaning out money

Back

Reserve Requirements

Front

If the economy is expanding too quickly, the Federal Reserve will institute which type of monetary policy? Options: Expansionary, Contractionary, Equanimitous, Whole Dollar

Back

Contractionary

Front

The current chairperson of the Federal Reserve is:

Back

Jerome Powell

Front

The central bank of the United States is the:

Back

Federal Reserve Banking System.