Federal Reserve

Federal Reserve

• Question 1 out of 10

  The first bank was chartered in what year?

  1787

  1791

  1861

  1823

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• Question 2 out of 10

  Which of the following is an example of government security?

  Cryptocurrency

  Treasury deposits

  Gold coins

  Government bonds

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• Question 3 out of 10

  Influencing the economy by changing the reserve requirement is called?

  Monetary policy

  Tight money

  Fiscal policy

  Easy money

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• Question 4 out of 10

  Who is responsible for the prevention of counterfeit money?

  The U.S. Secret Service

  Federal Open Market Committee

  Congress

  The U.S. Treasury Department

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• Question 5 out of 10

  The Federal Reserve System is made up of how many regional Federal Reserve banks?

  25

  18

  30

  12

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• Question 6 out of 10

  Who created the Federal Reserve banking system?

  Theodore Roosevelt

  Woodrow Wilson

  Calvin Coolidge

  Herbert Hoover

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• Question 7 out of 10

  Why did the United States need a Federal Reserve bank?

  Establish economic stability

  Print money

  Loan money to banks

  Create bank reserves

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• Question 8 out of 10

  The Federal Reserve prints money.

  True

  False

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• Question 9 out of 10

  An open market purchase of bonds by the Federal Reserve causes what?

  Bond prices decrease and the money supply decreases

  Bond prices decrease and the money supply increases

  Bond prices increase and the money supply decreases

  Bond prices increase and the money supply increases

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• Question 10 out of 10

  The Federal Reserve System is controlled by who?

  The U.S. Treasury Department

  The President

  The Board of Governors

  Congress

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