How do members of the Federal Reserve Board of Governors get their jobs?

They're appointed by the President & confirmed by the Senate

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Monetary and Fiscal Policy Review

15 termsStudBud Administration3,647 plays

A review for #Economics and #PersonalFinance on #monetary and #fiscal policy.

Flashcards15 cardsFPractice quizPHost liveL

Questions 15

Answers

1
When the Federal Reserve Bank buys and sells government bonds, that is known as
setting the discount rate
closed market operations
open market operations
the reserve requirement
2
Banks create money by
printing cash
investing deposits in the stock market
lending money to borrowers
borrowing money from the Federal Reserve Bank
3
What is the goal of monetary policy?
To regulate inflation
To have full employment
To control the prices of goods and services
All of these
4
The discount rate is
the rate at which you borrow money from local banks
the rate at which businesses borrow from the Federal Reserve
the discount the Federal Reserve Bank gives the government
the rate at which banks borrow from the Federal Reserve
5
What year was the Federal Reserve Bank founded?
1910
1913
2016
1776
6
Cutting taxes and increasing government spending is an example of
Contractionary fiscal policy
Expansionary fiscal policy
Expansionary monetary policy
Contractionary monetary policy
7
Which of the following is NOT an example of a financial institution?
Credit unions
Econ class
Insurance companies
Banks
8
What is money?
Available Credit and Checking Account Deposits
Anything widely accepted as payment for goods and services
Cash, Coins, and Savings Account Deposits
Available Credit
9
Which of the following is NOT a job of the Federal Reserve Bank?
Raising or lowering taxes
Raising or lowering the discount rate
Raising or lowering the reserve rate
Buying or selling government bonds
10
How many regional banks are there in the Federal Reserve System?
13
8
11
12
11
Price floors usually result in
A surplus
Inflation
A shortage
Deflation
12
An example of a price ceiling is
A natural monopoly
Milk support pricing
Collusion
Rent control
13
How do members of the Federal Reserve Board of Governors get their jobs?
They are hired by the board as old members die or resign
They are appointed by Congress
They inherit their jobs from their families
They're appointed by the President & confirmed by the Senate
14
The amount of cash banks are required to have on hand is called the
Failsafe requirement
Cash on hand requirement
Reserve requirement
Coverage requirement
15
When the federal government raises taxes and cuts spending, that is known as _______
Expansionary monetary policy
Contractionary monetary policy
Contractionary fiscal policy
Expansionary fiscal policy

Monetary and Fiscal Policy Review Flashcards | StudBud

Monetary and Fiscal Policy Review

15 termsStudBud Administration3,647 plays

A review for #Economics and #PersonalFinance on #monetary and #fiscal policy.

Flashcards15 cardsFPractice quizPHost liveL

Questions 15

Answers

1
When the Federal Reserve Bank buys and sells government bonds, that is known as
setting the discount rate
closed market operations
open market operations
the reserve requirement
2
Banks create money by
printing cash
investing deposits in the stock market
lending money to borrowers
borrowing money from the Federal Reserve Bank
3
What is the goal of monetary policy?
To regulate inflation
To have full employment
To control the prices of goods and services
All of these
4
The discount rate is
the rate at which you borrow money from local banks
the rate at which businesses borrow from the Federal Reserve
the discount the Federal Reserve Bank gives the government
the rate at which banks borrow from the Federal Reserve
5
What year was the Federal Reserve Bank founded?
1910
1913
2016
1776
6
Cutting taxes and increasing government spending is an example of
Contractionary fiscal policy
Expansionary fiscal policy
Expansionary monetary policy
Contractionary monetary policy
7
Which of the following is NOT an example of a financial institution?
Credit unions
Econ class
Insurance companies
Banks
8
What is money?
Available Credit and Checking Account Deposits
Anything widely accepted as payment for goods and services
Cash, Coins, and Savings Account Deposits
Available Credit
9
Which of the following is NOT a job of the Federal Reserve Bank?
Raising or lowering taxes
Raising or lowering the discount rate
Raising or lowering the reserve rate
Buying or selling government bonds
10
How many regional banks are there in the Federal Reserve System?
13
8
11
12
11
Price floors usually result in
A surplus
Inflation
A shortage
Deflation
12
An example of a price ceiling is
A natural monopoly
Milk support pricing
Collusion
Rent control
13
How do members of the Federal Reserve Board of Governors get their jobs?
They are hired by the board as old members die or resign
They are appointed by Congress
They inherit their jobs from their families
They're appointed by the President & confirmed by the Senate
14
The amount of cash banks are required to have on hand is called the
Failsafe requirement
Cash on hand requirement
Reserve requirement
Coverage requirement
15
When the federal government raises taxes and cuts spending, that is known as _______
Expansionary monetary policy
Contractionary monetary policy
Contractionary fiscal policy
Expansionary fiscal policy