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Money and the FED Flashcards | StudBud
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Money and the FED
Money and the FED
20 terms
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1
Monetary Policy includes
manipulating the discount rate
all of these
selling/buying T bonds
manipulating the margin
2
The most powerful part of the FED is
Federal Advisory Comm.
Board of Governors
Federal Open Market Comm.
Federal Reserve Banks
3
The labor force does not include...
those 16 or younger
those who are retired
those who choose not to work
all of these
4
The discount rate is...
the rate rate the federal gov't pays to borrow from the FED
the rate commercial banks pay to borrow money from the FED
the rate businesses pay to borrow from commercial banks
the rate consumers pay to borrow from commercial banks
5
Business cycles...
are predictable
include upswings and downswings
are based on a norm of averaged GDP
all of these
6
Sum of income earned by all businesses in the US in one year...
GDP
DI
NI
PI
7
excessive demand occurs...
between prosperity and recession
between recovery and prosperity
between depression and recovery
between recession and depression
8
A balanced money supply is the responsibility of...
all of these
FED
President
Congress
9
An increase in the real GDP or GNP per capita (annually) is...
inflation
economic growth
cause for concern
recession
10
Which of the following is NOT a function of money?
store of value
object of value
medium of exchange
measure of value
11
The prime rate is the rate...
businesses and consumers pay
the rate other nations pay to borrow from the FED
the rate commercial banks pay to borrow from the FED
the rate Bill Gates pays to borrow from the FED
12
Based on available resources, the best rate of growth for the U.S. is...
4%
5%
6%
3%
13
Which of these affect aggregate demand?
all of these
war
monetary/fiscal policy
consumer confidence
14
Which of the following monetary systems gives government discretion over spending and debt?
fiat system
commodity money
commodity backed money
barter
15
income available for spending after taxes
GNP
PI
DI
NI
16
$ value of final product produced by US companies in the US is...
NI
GNP
GDP
PI
17
Which of the following is NOT true about commercial banks?
are insured by the FDIC
are corporations
are banks for consumers
are a part of the Federal government
18
New jobs are being rapidly created in which category?
semi skilled
unskilled
professional
skilled
19
The government agency who reports employment data and economic indicators is...
Bureau of Labor Statistics
Bureau of Data Reporting
Small Business Administration
Securities Exchange Commission
20
Which of the following is NOT true about Federal Reserve Banks?
are banks for the Federal government
are banks for consumers
site for the Reserve Fund
are banks for commercial banks
