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The central bank of the United States is the Federal Reserve Banking System

 The central bank of the United States is the

a.Federal Reserve Banking System

b.First National Bank

c.Comptroller’s Bank

d.United States National Bank

e.U.S. Treasury Bank

113.              The Federal Reserve System is divided into

a.2 districts

b.12 districts

c.4 districts

d.50 districts

e.10 districts

114.              The Federal Reserve System is owned by

a.federal government agencies such as the Treasury

b.the Congress of the United States

c.the banks that are members of the Federal Reserve System

d.the legislatures of all 50 states

e.people who have deposits in member banks

115.              The members of the Federal Reserve Board of Governors serve

a.6-year terms

b.4-year terms

c.10-year terms

d.14-year terms

e.2-year terms

116.              The Federal Reserve Board of Governors consists of

a.50 members selected by state legislatures

b.12 members, one from each Federal Reserve District

c.12 members nominated by the President and confirmed by the Senate

d.seven members elected by Congress

e.seven members nominated by the President and confirmed by the Senate

117.              The Federal Reserve Board of Governors consists of

a.seven members who serve 6-year terms

b.12 members who serve 14-year terms

c.seven members who serve 4-year terms

d.12 members who serve 4-year terms

e.seven members who serve 14-year terms

118.              Suppose you were the president of the Dayton National Bank, the only bank in Dayton,
                            Ohio. You wanted to borrow money from the Fed. You pick up the phone to ask the Fed
                            what today’s _____________ is because that’s the rate the Fed charges member banks
                            who borrow from it.

a.prime rate

b.federal funds rate

c.discount rate

d.federal reserve rate

e.federal bank rate

119.              When the Fed increases the money supply, the interest rate

a.rises

b.falls

c.remains unchanged

d.rises during recessions only, otherwise remains unchanged

e.falls during recessions only, otherwise remains unchanged

120.              When the Fed decreases the money supply, the interest rate

a.rises

b.falls

c.remains unchanged

d.rises during recessions only, otherwise remains unchanged

e.falls during recessions only, otherwise remains unchanged

Feb 11 2020 View more View Less

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