ECO3041 - Ch 14 Review Qs

ECO3041 - Ch 14 Review Qs - Chapter 14 Review Questions...

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Chapter 14 Review Questions Questions: 1. As it relates to Federal Reserve activities, the acronym FOMC describes the: A) Federal Open Market Committee. B) Federal Options Market Committee. C) Federal Organization for Monetary Control. D) Federal Organization for Money Creation. 2. In the U.S. economy the money supply is controlled by the: A) U.S. Treasury. B) Federal Reserve System. C) Senate Committee on Banking and Finance. D) Congress. 3. As it relates to Federal Reserve activities, the acronym FOMC describes the: A) Federal Open Market Committee. B) Federal Options Market Committee. C) Federal Organization for Monetary Control. D) Federal Organization for Money Creation. 4. Which of the following is the basic economic policy function of the Federal Reserve Banks? A) holding the deposits or reserves of commercial banks B) acting as fiscal agents for the Federal government C) controlling the supply of money D) the collection or clearing of checks among commercial banks 5.
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This note was uploaded on 01/22/2012 for the course ECO 3041 taught by Professor Dacal during the Fall '11 term at FIU.

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ECO3041 - Ch 14 Review Qs - Chapter 14 Review Questions...

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