What are the three main parts of the Federal Reserve?
Federal Reserve Quiz

Quiz
•
Social Studies
•
Professional Development
•
Easy
Marian Moore
Used 1+ times
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
The Board of Governors, the reserve banks, and the Federal Reserve Act
The Board of Governors, the Treasury Department, and the Federal Open Market Committee
The Board of Governors, the reserve banks, and the Federal Open Market Committee
The Board of Governors, the Federal Reserve Act, and the Federal Open Market Committee
2.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What was one of the objectives of the Federal Reserve Act?
To regulate the stock market
To establish a national currency
To help banks acquire emergency cash reserves
To promote international trade
3.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What is the role of the Board of Governors?
To write regulations for commercial banks
To conduct monetary policy
To provide financial services
To supervise commercial banks
4.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What is the Federal Open Market Committee responsible for?
Writing regulations for commercial banks
Supervising commercial banks
Providing financial services to banks
Setting the nation's monetary policy
5.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What is the target range set by the FOMC called?
Federal funds rate
Discount rate
Prime rate
Inflation rate
6.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What is the primary responsibility of the reserve banks?
Supervising commercial banks
Conducting monetary policy
Providing financial services
Writing regulations for commercial banks
7.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What is the role of Fed examiners?
To write regulations for commercial banks
To set interest rates
To evaluate the financial health of commercial banks
To provide financial services to banks
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