Chapter4 Practice problem

Chapter4 Practice problem - Chapter 4 Practice Problems 1...

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Chapter 4 Practice Problems 1. Which of the following is not a major component of the Federal Reserve System? A) member banks B) Federal Open Market Committee C) Securities and Exchange Commission D) Board of Governors 2. Which of the following is not an activity of Fed district banks? A) clearing checks B) replacing old currency C) providing loans to depository institutions D) acting as an intermediary to match up lenders and borrowers in the commercial paper market 3. All ______ are required to be members of the Federal Reserve System. A) state banks B) national banks C) savings and loan associations D) finance companies E) A and B 4. Which of the following is currently a main role of the Federal Reserve’s Board of Governors? A) regulating commercial banks B) regulating foreign trade C) controlling monetary policy D) A and C 5. Which of the following is an action that the Fed uses to increase or decrease the money supply? A) buying or selling Treasury securities in the secondary market
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This document was uploaded on 08/05/2011.

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Chapter4 Practice problem - Chapter 4 Practice Problems 1...

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