5.2 Structure of the Federal Reserve System

The Federal Reserve System is also know as The Fed.

• True

• False

The Federal Reserve is the

• central bank for the United States

• central bank for the United Kingdom

• central bank for South America

• central bank for the united states

The Fed is responsible for the country's

• bank note

• bonds

• money

• monetary system

The mechanism a nation uses to probide and manage money for itself

• stock

• decentralization

• monetary system

• central bank

The Fed structure is meant to

• safeguard against corruption

• keep power at state levels

• give power to banks

occurs when a central authority shares power with regional and local authorities

• centralization

• precentralization

• acentric

• decentralization

The Fed is comprised of how many regional central banks

• 5

• 6

• 10

• 12

12 regional central banks in the United States

• Federal Reserve System

• Fed

• Federal Reserve Banks

• The Fed

Federal Reserve Banks were created to AVOID establishing

• multiple central banks

• a single central bank

• in a single location

• in lots of locations

Why was New York not desired to be the only place for The Fed?

• home of Wall Street

• home of the Yankees

• many high- powered financial institutions