Cecchetti3e_MCQuiz_Ch16_FINAL copy

Cecchetti3e_MCQuiz_Ch16_FINAL copy - Chapter 16 The...

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The Structure of Central Banks: The Federal Reserve and the European Central Bank Multiple Choice Questions 1. Each president of a Reserve Bank serves for a: A. Fourteen-year term. B. Five-year term. C. Seven-year term. D. Two-year renewable term. Ans: B Difficulty: Easy Topic: The Structure of the Federal Reserve System 2. Buying and selling U.S. Treasury Securities for the Fed's own portfolio is called: A. Managing the float. B. Discount buying. C. Open market operations. D. Reserve adjustment. Ans: C Difficulty: Easy Topic: The Structure of the Federal Reserve System 3. Members of the Board of Governors of the Fed: A. Can be reappointed after their term expires. B. Must leave office when there is a new administration elected. C. Serve one non-renewable fourteen-year term. D. Are appointed for life, though they can resign at any time. Ans: C Difficulty: Easy Topic: The Structure of the Federal Reserve System 4. Which of the following is (are) not a permanent voting member(s) on the FOMC? A. The seven Governors of the Fed. B. The Secretary of the Treasury. C. The President of the Federal Reserve Bank of New York. D. The chair of the Board of Governors. Ans: B
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This document was uploaded on 10/26/2011 for the course FIN 320 at DePaul.

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Cecchetti3e_MCQuiz_Ch16_FINAL copy - Chapter 16 The...

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