Exam 4: Functions of the Fed

When the Fed purchases securities, the total funds of commercial banks ____ by the market value of the securities purchased by the Fed. This activity initiated by the FOMC's policy directiveisreferred to as a(n) ____ of money supply growth.

When the Fed buys Treasury bills as a means of increasing the money supply, it places ____ pressure on their prices and ____ pressure on their yields.

The voting members of the Federal Open Market Committee consist of the Board of Governors plus the

____ includes currency held by the public and checking deposits as well as savings accounts and small time deposits, money market deposit accounts, and some other items.

Adjustment of the primary credit lending rate is the most common means by which the Fed controls the money supply.

The Depository Institutions Deregulation and Monetary Control Act of 1980 subjected

The euro has been adopted by all of the major countries of Western Europe, including Switzerland and the United Kingdom.

When the Fed initiated a program to purchase commercial paper, one of its primary goals was to:

Which of the following is not true with respect to the Federal Reserve Act of 1913?

The ____ rate is the interest rate charged on the Fed's short-term loans to depository institutions.

As a result of the Financial Reform Act of 2010, the ____ was established to regulate financial products and services.

Which of the following is not a major component of the Federal Reserve System?

The ____ is directly responsible for conducting monetary policy.

Each Federal Reserve district bank is responsible for reporting its regional conditions, and all of these reports are consolidated to compose the Beige Book.

Total funds of commercial banks will initially ____ by the dollar amount of securities ____ by the Fed.

The term "quantitative easing" refers to the Fed's:

The advisory committee making recommendations to the Fed about economic and banking related issues is the