1) Members of the seven-member Board of Governors of the Federal Reserve System are appointed for _________, while the Chairman of the Board of Governors is appointed for __________. Select one: A. a fourteen year term of office; a four year term of office with reappointment possible B. an indefinite term of office; a one-time four year term of office C. a fourteen year term of office; a one-time four year term of office D. an indefinite term of office; a four year term of office with reappointment possible
2) Which of the following is true concerning Federal Reserve district bank boards of directors? Select one: A. Directors are required to serve on a full-time basis. B. All directors must be commercial bankers. C. No directors can be appointed by the Federal Reserve Board of Governors. D. None of the above.
1) Members of the seven-member Board of Governors of the Federal Reserve System are appointed for...
36. How many members of the board of governors are there and how are they chosen? A. 7, appointed by the newly elected President of the United States, as are cabinet positions. B. 12, chosen by the Federal Reserve Bank presidents. C. 12, appointed by the board of directors of the Fed district banks. D. 7, appointed by the President of the United States and confirmed by the Senate as members resign.
5. The Federal Reserve's organizationWhile all members of the Federal Reserve Board of Governors vote at Federal Open Market Committee (FOMC) meetings, only of the regional bank presidents are members of the FOMC.Members of the Board of Governors are appointed for 14-year terms.There are 12 Federal Reserve banks.Its role is written into the U.S. Constitution.The Federal Reserve's primary tool for changing the money supply is . In order to increase the number of dollars in the U.S. economy (the money...
Answer this question as soon as possible please Question 3 Each member of the seven-member Board of Governors is appointed by the president and confirmed by the Senate to serve 4-year terms. 6-year terms. 14-year terms. o as long as the appointing president remains in office.
CHOOSE ONLY ONE The purpose of having the members of the Board of Governors of the Federal Reserve serve fourteen-year terms is to: A. ensure that the governors become well-experienced at policymaking B. Establish long-standing ties with high-level officials of other nations' central banks C. Promote unity of opinion from shared time together D. Insulate the governors' policy decisions from the influence of presidential elections and policies.
The regional Federal Reserve Banks are each headed by a member of the Board of Governors. have more voting members on the FOMC than does the Board of Governors. regulate banks in their regions. are not allowed to make loans to banks in their region
4. Which of the following statements about the Federal Reserve is (are) correct? A. The Fed conducts monetary policy by changing the money supply B. The Fed acts as a lender of last resort to the banking system C. The Fed does not convert Federal Reserve Notes into gold D. All of the above E. A and B, only 5. The regional Federal Reserve Banks A. regulate banks in their regions. B. are not allowed to make loans to banks...
Question 23 (2.5 points) Which of the following is true? Federal Reserve System is a private institution. The Federal Reserve System is independent from the Federal Gove There are 7 Federal Reserve District Banks in the U.S. Federal Open Market Committee is responsible for the reserve req Each member of the Board of Governors is appointed for 4 years. Question 24 (2.5 points)
The Federal Reserve is remarkably free from political pressure because A. its structure cannot be changed by Congress through legislation. B. the chairman of the Board of Governors is appointed by the Federal Reserve Bank presidents. C. like members of the Supreme Court, members of the Board of Governors serve lifetime appointments. D. it has an independent source of revenue. While the Fed enjoys a relativity high degree of independence for a government agency, it feels political pressure from the...
1) The power within the Federal Reserve was effectively transferred to the Board of Governors by Select one: A. Supreme Court decisions in the 1960s. B. the Treasury-Federal Reserve Accord of 1951. C. the Depository Institutions Deregulation and Monetary Control Act of 1980. D. the Federal Reserve Act of 1935. 2) The monetary base consists of Select one: A. government securities held by the Fed and discount loans. B. currency in circulation and reserves. C. government securities held by the...
of the Federal Reserve 18. The Federal Open Market Committee (FOMC) is made up of: A) the chair of the Board of Governors along with the 12 presidents of the Fede ent of the New York al Reserve System along with Banks. B) the seven members of the Board of Governors along with the president of the Federal Reserve Bank. C) the seven members of the Board of Governors of the Federal Reserve S the three members of the Council...