1、Chapter12Student:___________________________________________________________________________1.TheFederalReserveSystemis: A. agroupoftwelvecommercialbanks.B. thecentralbankoftheUnitedStates.C. theagencyoftheU.S.governmentthatinsurescommercialbankdeposits.D. t
2、hebranchoftheU.S.TreasurythatkeepstheU.S.goldreserves. 2.ThecentralbankoftheUnitedStatesis: A. BankofAmerica.B. BankoftheUnitedStates.C. BankOne.D. theFederalReserveSystem. 3.TheFederalReserveSystemfirstbeganoperationsin: A. 1789.B. 1865.C. 1914.D. 1934 4.T
3、hetwomainresponsibilitiesoftheFederalReserveSystemareto______andto______. A. apprehendcounterfeiters;regulatethestockmarketB. enablebankstomakeaffordablemortgages;controltheexchangerateoftheU.S.dollarC. insurebankdeposits;printcurrencyD. conductmonetarypolic
4、y;overseefinancialmarkets 5.TheFederalReserveconsistsof______regionalbanks,______governorsontheBoardofGovernors,and______votingmembersoftheFederalOpenMarketCommittee. A. 7;12;12B. 12;7;12C. 12;7;19D. 14;7;21 6.ThesevenleadersoftheFederalReserveSystemheadquar
5、teredinWashington,D.C.constitutethe: A. FederalReserveBankofWashington,D.C.B. FederalOpenMarketCommittee.C. FederalEconomicAdvisoryBoard.D. BoardofGovernors. 7.TheBoardofGovernorsconsistsof______governorsappointedforstaggered______terms. A. 5;12-yearB. 5;14
6、-yearC. 7;12-yearD. 7;14-year 8.ThesevenFedgovernors,thepresidentoftheFederalReserveBankofNewYork,andfourofthepresidentsoftheotherregionalFederalReserveBanksconstitutethe: A. NationalMonetaryCommission.B. BoardofGovernors.C. FederalOpenMarketCommittee.D. Fed
7、eralReserveSystem. 9.TheFederalOpenMarketCommitteemakesdecisionsabout______policy. A. monetaryB. fiscalC. bankingD. depositinsurance 10.Themostimportant,mostconvenient,andmostflexiblewayinwhichtheFederalReserveaffectsthesupplyofbankreservesisthrough: A. con
8、ductingopen-marketoperations.B. changingtheFederalReservediscountrate.C. changingbankreserverequirementratios.D. changinginterestrates. 11.Abankingpanicisanepisodeinwhich: A. depositors,
