Podcast
Questions and Answers
Each district of the Federal Reserve System has one main Federal Reserve Bank and no branch banks.
Each district of the Federal Reserve System has one main Federal Reserve Bank and no branch banks.
False (B)
The Federal Reserve System comprises of only one Reserve Bank in total.
The Federal Reserve System comprises of only one Reserve Bank in total.
False (B)
Each Reserve Bank appoints a baker to the Federal Advisory Council.
Each Reserve Bank appoints a baker to the Federal Advisory Council.
False (B)
The Fed's goal is to maintain an unhealthy U.S. economy.
The Fed's goal is to maintain an unhealthy U.S. economy.
Inflation occurs when there is a trend of general price decreases throughout the economy.
Inflation occurs when there is a trend of general price decreases throughout the economy.
The Fed uses four tools to implement its monetary policy, including reserve requirements, interest rates, open market operations, and foreign exchange interventions.
The Fed uses four tools to implement its monetary policy, including reserve requirements, interest rates, open market operations, and foreign exchange interventions.
Banks are required to maintain 100% of their deposits on reserve in their own vaults.
Banks are required to maintain 100% of their deposits on reserve in their own vaults.
The Depository Institutions Deregulation and Monetary Control Act of 1980 applied different reserve requirements to commercial banks compared to Federal Reserve members.
The Depository Institutions Deregulation and Monetary Control Act of 1980 applied different reserve requirements to commercial banks compared to Federal Reserve members.
The Federal Reserve System was established in the year 1913.
The Federal Reserve System was established in the year 1913.
The Board of Governors is responsible for making monetary policy decisions within the Federal Reserve System.
The Board of Governors is responsible for making monetary policy decisions within the Federal Reserve System.
What is the main purpose of the federal government's fiscal policy in influencing real estate finance?
What is the main purpose of the federal government's fiscal policy in influencing real estate finance?
How does the federal government manage its finances through fiscal policy?
How does the federal government manage its finances through fiscal policy?
What is a consequence of a federal deficit in terms of financing?
What is a consequence of a federal deficit in terms of financing?
Who establishes federal tax laws and the budget according to the text?
Who establishes federal tax laws and the budget according to the text?
How does the federal government influence the cost of money directly through monetary policy?
How does the federal government influence the cost of money directly through monetary policy?
What does a federal deficit indicate about the government's spending compared to its revenue?
What does a federal deficit indicate about the government's spending compared to its revenue?
In what way does the U.S. Treasury Department manage the federal government's finances?
In what way does the U.S. Treasury Department manage the federal government's finances?
How does the federal government finance a shortfall when it spends more than it collects?
How does the federal government finance a shortfall when it spends more than it collects?
Who is responsible for implementing fiscal policy in the United States?
Who is responsible for implementing fiscal policy in the United States?
What is the primary aim of the Federal Reserve's monetary policy?
What is the primary aim of the Federal Reserve's monetary policy?
