IPE_DVD_outline[1] - A V IRTUAL T OUR Follow along with...

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1 A VIRTUAL TOUR Follow along with Buck as he walks us through the creation, the parts and the various responsibilities of the Federal Reserve System. 1. The Federal Reserve is made up of three parts: the Board of Governors, the _________ banks and the Federal Open Market Committee. 2. Congress wrote the ___________________________________ in 1913. 3. The Fed combines centralized _________ __ authority with a healthy dose of __________ independence. 4. The Board of Governors has ___________ members, called governors. 5. Governors write the ______________ that make commercial banks financially sound and that make the nation economically strong. 6. The governors’ most important responsibility is participating in the Federal Open Market Committee, or ___________. 7. The FOMC is the Fed’s chief body for monetary ________________. 8. Each FOMC meeting ends with a ________ on actions that will affect the country’s money supply. 9. There are _______ districts in the Federal Reserve, each of which is served by a regional Reserve bank. 10. Reserve banks have three main responsibilities: 1) providing _____________ services, contributing to _____________ policy and ________________ commercial banks in their regions.
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2 11. A Reserve bank is often called the “____________ bank.” 12. Banks deposit billions of dollars at the Fed in cash, check, wire transfers or some other
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IPE_DVD_outline[1] - A V IRTUAL T OUR Follow along with...

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