Question 1

Adjustment of the primary credit rate is the most common means by which the Fed controls the money supply.

Accepted Answer

A) True 
 B)False

Question 2

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.

Accepted Answer

A) Consumer Financial Protection Bureau 
B) Federal Advisory Council 
C) Community Advisory Council 
D) Federal Trade Commission

Question 3

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

Accepted Answer

A) Community Advisory Council. 
B) Community Depository Institutions Advisory Council. 
C) Federal Advisory Council. 
D) Federal Open Market Committee.

Question 4

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

Accepted Answer

A) increase 
B) stabilize 
C) reduce 
D) eliminate

Exam 4: Functions of the Fed

Adjustment of the primary credit rate is the most common means by which the Fed controls the money supply.

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

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

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