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Which one of the following is true about the US Federal Reserve System? 
 
(i) The head of the U.S. Treasury also chairs the Federal Reserve Board. 
(ii) There are 12 regional Federal Reserve Banks. 
(iii) There are 14 members of the Federal Reserve Board. 
(iv) The Open Market Committee is smaller in size than the Federal Reserve Board.

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Bunny Greenfelder
Bunny GreenfelderLv2
28 Feb 2020

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Related questions

Which of the following contributes to making the Federal Reserve an independent policy-making body? 

 

(i) The Federal Reserve Act defining its role in the constitution

(ii) Federal Reserve Board of Governors with members appointed for staggered 14-year terms 

(iii) Twelve regional Federal Reserve Banks

 

How do member banks of the Federal Reserve differ from other depository institutions? 
 
(i) They participate in the Federal Open Market Committee.
(ii) They receive services from the regional Federal Reserve Bank. 
(iii) They are stockholders in their regional Federal Reserve Bank.
(iv) They are subject to the banking regulations issued by the Federal Reserve.

There are (5/7/12) members of the Fed Reserve Board of Govenors.

Which of the following contributes to making the Federal Reserve an independent policymaking body?

__ There are 12 Federal Reserve banks.

__ Members of the Board of Governors are appointed for 14-year terms.

__ Its role is written into the U.S. Constitution.

The Federal Reserve's primary tool for changing the money supply is the (discount rate / open market operation/ reserve requirement). In order to increase the number of dollars in the U.S. economy (the money supply), the Federal Reserve will (buy/sell) government bonds.

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