�建 Microsoft Word �档

�建 Microsoft Word �档 - C HAP TER 14...

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CHAPTER 14 1. Which of the following serves as the central banker for private banks in the United States? A) The 12 Federal Reserve banks. B) The Executive Branch of government. C) The Board of Governors of the Federal Reserve system. D) The Federal Open Market committee. 2. Members of the Federal Reserve Board of Governors: A) Are appointed to fourteen-year terms by the president of the United States. B) Are relatively immune to short-term political pressures. C) May not be reappointed after serving a full term. D) All of the above. 3. Members of the Federal Reserve Board of Governors are appointed for one fourteen-year term so that: A) Have time to learn how the Fed operates. B) Are more likely to make politically-acceptable decisions. C) Make their decisions based on economic, rather than political, considerations. D) Have enough time to travel to all 12 regional banks. 4. Changing the reserve requirement is: A) A powerful tool which can cause abrupt changes in the money supply. B) The most often used tool on the part of the Fed.
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This note was uploaded on 04/11/2011 for the course ECO 2251 taught by Professor Kirkland during the Fall '09 term at Troy.

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�建 Microsoft Word �档 - C HAP TER 14...

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