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- What are the main functions of a Central Bank? To reduce unemplayment, promote financial stability, and provide banking services for depository institutions and the federal government To reduce unemployment, control inflation, and promote financial stability To decrease inflation, promote financial stability, and provide banking services for depository institutions and the federal government To conduct monetary policy, promote financial stability, and provide banking services for depository institutions and the federal government Prior to the 2008 financial crisis, how did the selling of bonds by the Fed impact the economy? It increased the amount of money circulating in an economy and increased the interest rate It decreased the amount of money circulating in an economy and increased the interest rate It increased the amount of money circulating in an economy and decreased the interest rate It decreased the amount of money circulating in an economy and decreased the interest rate…The Federal Reserve's organization There are 5 , 7, 12 Federal Reserve regional banks. Which of the following contributes to making the Federal Reserve an independent policymaking body? A) There are 12 Federal Reserve banks. B) Its role is written into the U.S. Constitution. C) Members of the Board of Governors are appointed for 14-year terms. The Federal Reserve's primary tool for changing the money supply is choice: the reserve requirement, open-market operation, the discount rate. In order to increase the number of dollars in the U.S. economy (the money supply), the Federal Reserve will choice: buy, sell government bonds.A central bank such as the Fed is different from other banks and financial institutions in that it does not____ A)provide service to individuals or businesses B) generate, stimulate, or hurt the economy C)provide any concrete banking service D) have multiple locations throughout the country
- Please select ONE of the following questions as your discussion topic and respond with a paragraph or two that directly answers the question AND makes reference to class materials. For full credit, you must also respond to the posts of at least two of your classmates. 1. The Federal Reserve Board has enormous power over people's lives with its power to set and influence policy that determines monetary policy in the United States. Do you think this is proper for a democracy to provide the FED with so such power? How is the FED held accountable?1 **************** 1) Consider the US Federal Reserve System and compare it with another central bank in a major country, such as the Bank of England, the European Central Bank, the Bank of Japan, the Reserve Bank of India, etc. a)What are two features, characteristics, or practices of the second central bank that you chose to compare with the FED that are very similar to the FED? b)What are two features of that central bank that differ significantly from the FED? Explain. P.S. CHOOSE BANK OF JAPAN11) Which of the following increases the quantity of money? A) an individual's cash withdrawal from a bank B) an individual's purchase of a government security from the Fed C) the Fed's purchase of a government security D) an increase in the government's budget deficit 12) Open market purchases by the Federal Reserve System (the Fed) A) raise the federal funds rate. B) increase bank reserves. C) occur when the Fed wants to decrease the quantity of money. D) All of the above answers are correct. 13) When the Fed raises the federal funds rate, A) net exports increase. B) the value of the dollar falls on the foreign exchange market. C) the value of the dollar rises on the foreign exchange market. D) consumption increases. 14) If the Fed raises the federal funds rate so that the exchange rate rises, then imports ________ and exports ________. A) increase; increase B) increase; decrease C) decrease; increase D)…
- What are the primary functions of a central bank? providing banking services to businesses and consumers conducting monetary policy ensuring the stability of the financial system conducting fiscal policy providing banking services to commercial banks, depository institutions, and the federal government41) The current chairman of the Federal Reserve System is A) Milton Friedman. B) Alan Greenspan. C) President Obama. D) Ben Bernanke. 42) The chairman of the Federal Reserve's Board of Governors A) controls the agenda of the Federal Open Market Committee meetings. B) is the main point of contact between the Fed and the President of the U.S. C) receives frequent background briefings on monetary policy issues from a large staff of economists and technical experts. D) All of the above answers are correct. 43) Most of the day-to-day power in monetary policy decisions lies with A) the President of the United States B) the Senate Banking Committee C) the chairman of the Board of Governors D) large commercial banks 44) On the Fed's balance sheet, assets include A) depository institutions deposits at the Federal Reserve and loans to depository institutions. B) U.S. government securities and loans to depository institutions. C)…27) Which of the following is not a function of the Federal Reserve System, or the "Fed"? A) acting as a lender of last resort B) acting as a banker's bank C) performing check clearing services D) insuring deposits in the banking system E) taking actions to control the money supply
- How does the central bank control the money supply and interest rates to influence the economy?What are the primary goals of a central bank ? Why it is important for the bank to attain these goal .Which of the following is NOT a major function of the Federal Reserve? A Provide check clearing services B Minting money Lender of last resort Creating money
