Quiz#1 - Name_ Class_ Quiz#1: 1. The Federal Reserve Bank...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Name____________________ Class_____________________ Quiz#1: 1. The Federal Reserve Bank is: a. a U.S. government institution b. privately owned by member banks********************** c. Funded by the Commerce Department d. an arm of the U.S. Treasury 2. The Fed’s dual mandate is a. maximize employment and provide price stability.********************** b. collect tax revenues and generate profits for the Treasury c. supervise the business decisions of banks and manage the money supply d. Manage the money supply and supervise the stock market. 3. The current chair of the Federal Reserve System is a. Hillary Clinton. b. Alan Greenspan. c. Joe Biden d. Ben Bernanke*****************
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
e. Snooki 4. Members of the Board of Governors of the Fed are a. elected to two-year terms by the Electoral College. b. appointed by the president for four-year terms and confirmed by the Congress. c. appointed by the president for 14-year terms and confirmed by the Senate.*************** d. appointed by the president for 14-year terms and confirmed by the Supreme Court.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/11/2011 for the course FIN 321 taught by Professor Blose during the Winter '07 term at Grand Valley State University.

Page1 / 4

Quiz#1 - Name_ Class_ Quiz#1: 1. The Federal Reserve Bank...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online