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Financial Literacy Federal Reserve Quiz Flashcards | StudBud
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Financial Literacy Federal Reserve Quiz
Financial Literacy Federal Reserve Quiz
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StudBud Administration
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Federal Reserve Quiz
Flashcards
12 cards
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Practice quiz
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Host live
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Questions
12
Answers
1
A new tool the Fed is using to impact the economy is paying banks interest on their deposits.
False
True
2
Which district of the Federal Reserve Bank system is the Salt Lake City, Utah branch part of?
Dallas
Kansas City
Hawaii
San Franscisco
3
Which state has two federal reserve district banks?
California
Missouri
New York
Florida
4
The Federal Reserve Cash Operations distribute cash and coins to financial institutions.
False
True
5
Which Utah business person & banker was chairperson or board member (FED) from 1933 to 1951?
Marriner Eccles
Ezra Benson
J. Willard Marriott
Spencer David Eccles
6
The interest rate at which banks make overnight loans to one another
Monetary Policy
Fed Funds Rate
Prime rate
Fiscal Policy
7
How many Federal Reserve districts make up the Federal Reserve banking system?
16
12
14
10
8
If the economy is heating up and there is too much inflation, the Fed would
Lower interest rates
Stop Printing Money
Print Money
Raise interest rates
9
The chairperson of the Federal Reserve is
Janet Yellen
Ben Bernanke
Jerome Powell
Tim Geithner
10
The buying & selling of Treasury Securities by the NY Fed in order to control the $ supply
deflationary measures
discount rate
paying interest on deposits
open market operations
11
The "dual" policy mandates to the Federal Reserve layed out in the act that created it are
consumer confidence, FDIC protection
full employment, high reserve requirements
stable employment and print money
Maximum employment, stable prices
12
If the economy needed help, was in a recession or growth was sluggish the Fed would
Lower interest rates
Raise interest rates