Macroeconomics Study Set 18
Quiz 14: Monetary Policy and the Federal Reserve System
The Current Chairman of the Board of Governors of the Federal
The current chairman of the Board of Governors of the Federal Reserve System is A)Milton Friedman. B)Alan Greenspan. C)Ben Bernanke. D)Paul Volcker.
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Who determines the open-market operations of the Federal Reserve System? A)Board of Governors B)FDIC C)FHLBB D)FOMC
The Federal Open Market Committee consists of all the following people EXCEPT A)the Board of Governors of the Federal Reserve System. B)five presidents of Federal Reserve Banks,on a rotating basis. C)the chairman of the President's Council of Economic Advisors. D)the President of the Federal Reserve Bank of New York.
The Federal Reserve System's largest asset among the assets listed below is A)gold. B)loans to depository institutions. C)deposits of depository institutions. D)U.S.Treasury securities.
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