Monetary Policy Quiz
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Questions and Answers

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?

  • The Federal Trade Commission
  • The Federal Open Market Committee (correct)
  • The Federal Reserve System
  • The Federal Reserve Board

    • 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

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