Exam 4: Functions of the Fed

When the Fed buys Treasury bills as a means of increasing the money supply, it places ____ pressure on their prices and ____ pressure on their yields.

The ____ is directly responsible for controlling money supply growth.

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

As a result of the Financial Reform Act of 2010, the ____ was assigned the role of regulating financial products and services.

The Board of Governors is composed of

The main monetary policy goal of most central banks is to stabilize the value of the local currency against foreign currencies.

The ____ consists of seven members, each of whom is appointed by the president of the United States.

____ open market operations offset the impact of other conditions that affect the level of funds.

All commercial banks are required to be members of the Fed.

The primary credit lending rate changes in accordance with changes in the federal funds rate.

Each member of the Board of Governors is appointed by the president of the United States and serves a nonrenewable 14-year term.

The ____ the reserve requirement ratio, the ____ the ultimate effect of any initial increase in money supply.

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

Repurchase agreements are purchased by the Fed to

Which of the following is not true with respect to the Federal Reserve Act of 1913?

When open market operations are used to ____ bank funds, the yield on debt instruments ____.

The Monetary Control Act of 1980 subjected

The voting members of the Federal Open Market Committee consist of the Board of Governors plus the

The advisory committee offering views on issues related to credit unions is the

The purchase of government securities by someone other than the Fed results in