quiz8 Flashcards
The Federal Reserve is the _____ bank of the US.
central
The Fed is responsible for setting the rules and regulations under which banks operate, but not under which stock brokers operate.
True
When the Fed makes a loan to a bank, the interest rate it charges is called the _______ rate.
discount
When a bank borrows overnight from another bank, the interest rate they are charged is called the ______ rate.
Federal Funds
The Federal Reserve was created by Alexander Hamilton in the early days of the US,
False
The Fed is divided into ____ districts.
12
The are supposed to be _____ members of the Board of Governors of the Fed.
7
The Fed increases the money supply when it:
buys bonds
The process in number eight is called ______.
open market operations
The Fed is intended to be independent of the president and Congress.
True
