1. Central bank responsibilities do not include: a. Providing mortgages to consumers b. Acting as the government's...
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Question:
1. Central bank responsibilities do not include: | |
a. Providing mortgages to consumers | |
b. Acting as the government's bank or fiscal agent | |
c. Setting monetary policy | |
d. Acting as a lender of last resort (emergency lending) |
2. A governor on the Board of Governors is nominated by: | |
a. The Chair of the Fed | |
b. The Senate Banking Committee | |
c. Regional Fed Presidents | |
d. The President of the United States |
3. There is a regional Federal Reserve Bank in each of the cities except: | |
a. New York | |
b. Atlanta | |
c. St. Louis | |
d. Cincinnati |
4. What is the only government entity that can order currency to be printed? | |
a. Federal Reserve Board of Governors | |
b. The U.S. Treasury’s Bureau of Engraving and Printing | |
c. The Mint | |
d. Department of Commerce |
5. Can a bank deposit cash at a regional Federal Reserve Bank? | |
a. Yes | |
b. No |
6. The U.S. central bank, The Federal Reserve, was created in: | |
a. 1776 | |
b. 1907 | |
c. 1913 | |
d. 1933 |
7. As part of the Fed’s Bank Supervision responsibilities, the Fed examines institutions for: | |
a. Consumer protection mandate compliance | |
b. Safety and soundness | |
c. Answers (a.) and (b.) | |
d. None of the above |
8. The FOMC's dual mandate (two goals) are: | |
a. Low inflation and healthy banks | |
b. Price stability and maximum employment | |
c. No inflation and low borrowing costs | |
d. High inflation and low unemployment |
Related Book For
Money Banking and Financial Markets
ISBN: 978-0078021749
4th edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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