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Mac7: Fed structure, monetary policy, 3 econ goals

Last updated about 6 years ago

5 questions

1

1

1

1

1

Question 1

1.

The 7 member group appointed by the president, confirmed by the senate, and who serve 14 year terms is called:

Board of Governors

Federal Open Market Committee

District Banks

Member Banks

Question 2

2.

The 12 regional banks and 25 branches that accept deposits from and make loans to other banks is called:

member Banks

District Banks

Federal Open Market Committee

Board of Governors

Question 3

3.

The 12 voting members who meet 8 times a year and decide the course of monetary policy is called:

Board of Governors

Member Banks

Federal Open Market Committee

District Banks

Question 4

4.

Which government agency controls monetary policy?

Congress

Justice Department

Treasury Department

Federal Reserve

Question 5

5.

The process by which the Federal Reserve controls the money supply, the availability of money and credit to promote a stable economy is called:

Fiscal policy

Interest rate

Monetary policy

Discount rate