The Board of Governors for the Federal Reserve is appointed by the President of the United States. However, the appointments must be confirmed by the Senate.
Who appoints the Board of Governors for the Federal Reserve?(1 point)
Responses
the President
the President
the Senate
the Senate
the House of Representatives
the House of Representatives
the Senate Committee on Finance
7 answers
Which term could also be used to call the Federal Reserve?(1 point)
Responses
banker's bank
banker's bank
lender's bank
lender's bank
public's bank
public's bank
bank of the people
Responses
banker's bank
banker's bank
lender's bank
lender's bank
public's bank
public's bank
bank of the people
The term that could also be used to call the Federal Reserve is banker's bank.
How does the role of the Board of Governors compare to the role of the Federal Open Market Committee?(1 point)
Responses
The Board of Governors oversee open market operations and set the target federal funds rate while the Federal Open Market Committee overlooks commercial banks.
The Board of Governors oversee open market operations and set the target federal funds rate while the Federal Open Market Committee overlooks commercial banks.
The Board of Governors direct monetary policy while the Federal Open Market Committee oversees open market operations as well as sets the target federal funds rate and discount rate.
The Board of Governors direct monetary policy while the Federal Open Market Committee oversees open market operations as well as sets the target federal funds rate and discount rate.
The Board of Governors direct monetary policy and set the discount rate while the Federal Open Market Committee oversees open market operations and sets the target federal funds rate.
The Board of Governors direct monetary policy and set the discount rate while the Federal Open Market Committee oversees open market operations and sets the target federal funds rate.
The Board of Governors set the target federal funds rate while the Federal Open Market Committee implements the policies from the Board of Governors and sets the discount rate.
Responses
The Board of Governors oversee open market operations and set the target federal funds rate while the Federal Open Market Committee overlooks commercial banks.
The Board of Governors oversee open market operations and set the target federal funds rate while the Federal Open Market Committee overlooks commercial banks.
The Board of Governors direct monetary policy while the Federal Open Market Committee oversees open market operations as well as sets the target federal funds rate and discount rate.
The Board of Governors direct monetary policy while the Federal Open Market Committee oversees open market operations as well as sets the target federal funds rate and discount rate.
The Board of Governors direct monetary policy and set the discount rate while the Federal Open Market Committee oversees open market operations and sets the target federal funds rate.
The Board of Governors direct monetary policy and set the discount rate while the Federal Open Market Committee oversees open market operations and sets the target federal funds rate.
The Board of Governors set the target federal funds rate while the Federal Open Market Committee implements the policies from the Board of Governors and sets the discount rate.
The correct answer is: The Board of Governors direct monetary policy and set the discount rate while the Federal Open Market Committee oversees open market operations and sets the target federal funds rate.
Determine the statement that best describes the role of the Federal Reserve District banks.(1 point)
Responses
The district banks overlook the commercial banking industry and implement the policies from the Board of Governors and the Federal Open Market Committee
The district banks overlook the commercial banking industry and implement the policies from the Board of Governors and the Federal Open Market Committee
The district banks direct monetary policy, influencing the policies set by the Board of Governors and the Federal Open Market Committee.
The district banks direct monetary policy, influencing the policies set by the Board of Governors and the Federal Open Market Committee.
The district banks set the discount rate for lending between banks and oversee open market operations.
The district banks set the discount rate for lending between banks and oversee open market operations.
The district banks oversee the Board of Governors, set the target federal funds rate, and overlook the commercial banking industry.
Responses
The district banks overlook the commercial banking industry and implement the policies from the Board of Governors and the Federal Open Market Committee
The district banks overlook the commercial banking industry and implement the policies from the Board of Governors and the Federal Open Market Committee
The district banks direct monetary policy, influencing the policies set by the Board of Governors and the Federal Open Market Committee.
The district banks direct monetary policy, influencing the policies set by the Board of Governors and the Federal Open Market Committee.
The district banks set the discount rate for lending between banks and oversee open market operations.
The district banks set the discount rate for lending between banks and oversee open market operations.
The district banks oversee the Board of Governors, set the target federal funds rate, and overlook the commercial banking industry.
The statement that best describes the role of the Federal Reserve District banks is: The district banks overlook the commercial banking industry and implement the policies from the Board of Governors and the Federal Open Market Committee.