Exam 4: Functions of the Fed

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

To decrease money supply, the Fed could ____ the reserve requirement ratio.

The purpose of the Trading Desk of the Federal Reserve Bank of New York is to buy stocks for member commercial banks.

Each Federal Reserve district bank is responsible for reporting its regional conditions, and all of these reports are consolidated to compose the Beige Book.

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

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

Of the nine directors of each Fed district bank, ____ are elected by member banks in that district.

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

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

The Policy Directive is provided by Board of Governors to the FOMC.

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

Since 2003, the Fed's rate on short-term loans to depository institutions is referred to as the

The ____ is made up of seven individual members, and each member is appointed by the president of the U.S.

When the Fed purchases securities, the total funds of commercial banks ____ by the market value of securities purchased by the Fed.This activity initiated by the FOMC's policy directive is referred to as a(n) ____ of money supply growth.

When the Fed sells securities, the total funds of commercial banks ____ by the market value of securities sold by the Fed.This activity initiated by the FOMC's policy directive is referred to as a ____ of money supply growth.

The Monetary Control Act of 1980 subjected

Which of the following is an action that the Fed uses to increase or decrease the money supply?

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

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.

When the Trading Desk sells a sufficient amount of Treasury securities, it creates a surplus of funds in the banking system.Consequently, the federal funds rate decreases along with other interest rates.