When the Federal Reserve was created, its most important role was intended to be a storage facility for the nation's gold. a lender of last resort. a regulator of bank holding companies none of the above

When the Federal Reserve was created, its most important role was intended to be a storage facility for the nation's gold. a lender of last resort. a regulator of bank holding companies none of the above

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter14: Money And The Federal Reserve System

Section: Chapter Questions

Problem 15SQ

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Question

When the Federal Reserve was created, its most important role was intended to be

a storage facility for the nation's gold.

a lender of last resort.

a regulator of bank holding companies

none of the above

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Which of the following is not one of the functions of the Federal Reserve? Supervising and regulating banks. Clearing checks. Controlling the money supply. Printing currency.
Required reserves of banks are a fixed percentage of their: Select one: Loans Deposits Assets Government bonds
The Federal Reserve bank is managed by :one person elected in the same election that decides the presidency of the U.S. the Board of Governors composed of seven members appointed by the president. the Board of Trustees composed of a member from each district bank. the Board of Directors composed of a member from each district bank.
An institution that oversees the banking system and regulates the money supply is known as central bank treasury congress the securities and exchange commission
Bank deposit creation is limited by reserve requirements. True or False
Which of the following is NOT a part of the Federal Reserve System? The Federal Deposit Insurance Corporation The Board of Governors The Federal Open Market Committee The Twelve District Federal Reserve banks
The Fed is the most independent of all U.S. government agencies. Why? Explain. Answer the question directly. Refer to examples.
A financial depository institution's reserve requirement is a specified percentage of: Group of answer choices deposits that must be kept as actual reserves. regulated reserves provided by the federal government. required reserves that must be kept as part of actual reserves. actual reserves kept at the federal reserve. excess reserves that must be backed as required reserves.
A bank can make profit by: a)borrowing money from the government at 0% interest. b)giving you a particular interest return on your savings and then loaning out the same money at a lower rate of interest. c)giving you a particular interest return on your savings and then loaning out the same money at a higher rate of interest. d)storing and locking away all the deposits made by consumers.
Which of the following is the role of the Federal Reserve System? Select one: a. Set the Required Reserve Ratio for Bank of America b. Manage the account for South Carolina and other state governments c. Make loans to local businesses d. Print new money e. All of these are roles of the Fed
The Federal Reserve was created to: increase employment in the United States. establish a banking system in the United States. provide stability in the banking sector and the economy. correct deflation in the United States.
Which statement best describes a responsibility of the Federal Reserve System for the United States? It determines monetary policy It negotiates trade agreements It collects corporate taxes It guarantees bank deposits.