199-[BUS-TEST-STUDY-GUIDE] - Federal Reserve(the Fed The central bank of the United States Central Bank Institution designed to oversee the banking

199-[BUS-TEST-STUDY-GUIDE] - Federal Reserve(the Fed...

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Federal Reserve (the Fed) The central bank of the United States Central Bank Institution designed to oversee the banking system and reg The Federal Reserve (History) created in 1913 Purpose is to ensure the health of the nation's b Board of Governor's- the Fed 7 members, 14yr terms, appointed by the presid The Fed Chairman directs the fed staff presides over board meetings testifies regularly about Fed policy in front of the appointed by the president, has a 4yr term Federal Reserve System Federal Reserve Board is in Washington DC.There's 12 reg chosen by each bank's board of directors Fed's jobs #1 Page 199 of 725 BUSINESS STUDY GUIDE AND TEST PREP
Fed's control of money supply is not precise

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