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Questions and Answers
What is the main function of the Federal Reserve System?
What is the main function of the Federal Reserve System?
- To control the country's money supply and interest rates (correct)
- To regulate the stock market
- To manage the country's welfare programs
- To oversee the country's foreign trade
What is the name of the committee that sets monetary policy for the Federal Reserve?
What is the name of the committee that sets monetary policy for the Federal Reserve?
- The Federal Trade Commission
- The Federal Open Market Committee (correct)
- The Federal Reserve System
- The Federal Reserve Board
What are open market operations?
What are open market operations?
- The purchase and sale of government securities by the Federal Reserve (correct)
- The buying and selling of goods and services on the global market
- The regulation of international trade agreements
- The trading of stocks and bonds on the open market
