MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Chapter 14, Problem 11SQ
To determine

The power of Fed to control the money supply.

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With respect to controlling the money supply,the law requires the Fed to take orders froma. the president.b. the Speaker of the House.c. the Secretary of the Treasury.d. no one—the Fed is an independent agency.
The Federal Reserve a. was created in 1896. b. is part of the executive branch of government. c. is the central bank of the United States. d. is only responsible for controlling the money supply.
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
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