Question: 1. What is the Primary function of the FED? A. To oversee fiscal policy in the United States B. All of the above C. To

1. What is the Primary function of the FED?

A.

To oversee fiscal policy in the United States

B.

All of the above

C.

To manage the currency and provide loans in times of economic distress

D.

To manage the currency and oversee the stability of the banking system

2. What is the primary difference between monetary and fiscal policy?

A.

Fiscal policy reflects budget priorities and monetary policy tax rates

B.

None of the above

C.

Fiscal policy is reflected in the government's annual budget and monetary policy is reflected in decisions that affect the money supply in the economy

D.

Fiscal policy determines tax rates and monetary policy determines government spending

3.What is the name of the publication that contains notices of proposed regulatory actions and hearings?

A.

Code of Federal Regulations

B.

The Federal Register

C.

The GAO Weekly Summary

D.

The Daily Record

4. What is the name of the law that authorizes and provides guidelines for the regulatory process?

A.

None of the Above

B.

The Freedom of Information Act

C.

The Administrative Procedures Act

D.

The Government in the Sunshine Act

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