Federal Reserve Quiz

Hey Isla, do you know what the Federal Reserve is?

• The US central bank

• A private banking institution

• A government department

• A financial advisory firm

Hey Priya, do you know how many District Banks are there in the Federal Reserve System? Let's see if you can guess it right!

• 5

• 12

• 20

• 50

Imagine you're part of a quiz team with Liam, Anika, and Avery. Your next question is: How many Federal Reserve District Bank presidents get to vote in the exciting Federal Open Market Committee (FOMC) meetings?

• 5

• 7

• 10

• 12

Hey there, finance whiz! Can you help Ava and Ethan figure out how many times a year the FOMC meets to discuss important economic decisions?

• 1

• 8

• 120

• 160

Imagine you're in a classroom with Grace, Hannah, and Anika. The teacher asks, 'What are the primary functions of the Federal Reserve?' Can you help them out?

• Monetary policy, financial services, banking supervision, and financial stability

• Tax collection, budget planning, and printing currency

• Loan distribution, economic research

• international trade and economic development

Maya and Noah are discussing the Federal Reserve's actions. When the Fed decides to pay interest on reserve balances, which exciting function are they implementing?

• Monetary policy

• Financial services

• Fiscal agent

• Banking supervision

Imagine you're Benjamin, a young economist, tasked with advising the Federal Reserve. What two conditions should you aim to promote when setting policy?

• High inflation and low employment

• Low inflation and high employment

• High interest rates and low growth

• Low interest rates and high inflation

Imagine you're a bank manager like Sophia or Ethan, heading to the Federal Reserve for some credit. What must you bring along to ensure you get the funds?

• Collateral

• Interest payments

• Tax returns

• Business plans

Imagine you're in a financial class with Kai, Anika, and Abigail. The teacher asks, 'What does it mean when the Federal Reserve is called the “lender of last resort”?' Can you help them figure it out?

• It provides loans to individuals

• It offers financial advice to businesses

• It lends to banks during financial emergencies

• It invests in stock markets

Hey there, financial wizards! Aiden and Lily are curious about the Federal Reserve's piggy bank. Can you help them figure out the two primary sources of funding for the Federal Reserve System?

• Tax revenue and government bonds

• Interest on loans and service fees

• Interest on government securities and fees for services

• Donations and private investments