A majority of U.S. private banks are not members of the Federal Reserve system. The Federal Open Market Committee oversees sales and purchases of government securities by the Fed. The United States has 12 Federal Reserve districts. The answer can be found in Section 12.4 STRUCTURE AND FUNCTIONS OF THE FEDERAL RESERVE SYSTEM in Macroeconomics 1 / 1 pts Question 9 The transactions demand for money is related to the value of money as a form of wealth. the interest rate. money as a medium of exchange. Correct! Correct! money as a unit of account. money as a store of value.
9/16/2019 Week 4 - Quiz: ECO203: Principles of Macroeconomics (BNK1738A) 7/7 The answer can be found in Section 11.3 DEMAND FOR MONEY in Macroeconomics 1 / 1 pts Question 10 When the Fed sets an interest rate target, the interest rate that it focuses on specifically is the real rate. the prime rate. the federal funds rate. Correct! Correct! the nominal rate. the T-bill rate. The answer can be found in Section 14.2 THE CHOICE OF MONETARY POLICY TARGETS in Macroeconomics Quiz Score: 8 out of 10