Exam 4: Functions of the Fed

The form of money consisting of currency held by the public and checkable deposits at depository institutions is called

The Fed's purchases of long-term Treasury securities in recent years were intended to:

To increase the money supply growth, the Fed could

All ____ are required to be members of the Federal Reserve System.

Which of the following is currently a main role of the Federal Reserve's Board of Governors?

The is directly responsible for controlling money supply growth.

The ____ is directly responsible for setting reserve requirements.

Assume that the reserve requirements ratio is 15 percent. An initial injection of $150 million could result in a maximum change in the money supply of

With regard to monetary policy, which of the following is under the direct control of the Federal Reserve's Board of Governors?

To increase the money supply, the Fed may increase the reserve requirement ratio.

To increase the money supply, the Trading Desk would be instructed to sell government securities.

Which of the following is not an activity of Fed district banks?

Which of the following did the Fed not do during the credit crisis?

Based on a 2003 policy, the primary credit lending rate is set

The ____ meets with the Board of Governors twice a year and offers views on the economic circumstances and financial services needs of consumers and communities.

The chief objective of the European Central Bank is ____ in the countries of the eurozone.

____ in Federal Reserve float causes a(n) ____ in bank funds.

The Trading Desk is sometimes directed to ____ a sufficient amount of Treasury securities to ____ the federal funds rate to a new targeted level set by the FOMC.

When the Fed purchases _______, it is attempting to directly stimulate the housing market.

Which of the following statements is incorrect with respect to a single European monetary policy?