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Fed Reserve 2024

newest on the Fed

QuestionAnswer
Oregon is in the _____ Federal Reserve District which has a Federal Reserve Bank in _______. 12th; San Francisco
Who is the current Chair of the Federal Reserve? Jerome Powell
What must the government do to reduce high inflation? Decrease spending and target a higher federal funds rate
What tool does the Fed rely on the most in conducting policy? the interest on reserve balances (IORB)
If the FOMC decides there are not ample reserves in the banking system, it will ___________ government bonds. buy
Members of the Board of Governors of the Federal Reserve are appointed by the ______________ and serve _______ - year terms President; 14
Federal Open Market Committee consists of how many voting members? 12 (the 7 Board of Governors and 5 of the 12 district bank presidents)
The Federal Reserve System is controlled by ________. The Board of Governors of the Federal Reserve
The Federal Reserve System can best be described as the ________________________ system of the United States central banking
True or False: The Federal Reserve is controlled by Congress and the President. False (it is an independent government agency)
When the Fed targets a higher federal funds rate to decrease spending and lower prices, it may cause unemployment to ___________ . increase
To reach its target of a lower federal funds rate, the Fed should _________ its administered rates.. lower
To increase the money supply, the Fed should _________ bonds. buy
To fight unemployment, the Fed should target a ________ federal funds rate. lower
To lower inflation, the Fed should target a ___________ federal funds rate. higher
If the economy is in the contraction phase of the business cycle, the Fed should pursue a(n) __________________ monetary policy expansionary (easy-money)
If the economy is experiencing high prices, the Fed should pursue a(n) __________________ monetary policy. contractionary (tight-money)
If the economy is experiencing a recession and workers are being laid off, then the Fed should pursue a(n) _____________ monetary policy. expansionary (easy-money)
If unemployment is at an all-time low, but prices are rising quickly, the Fed should pursue a(n) ______________ monetary policy. contractionary (tight-money)
If GDP is growing steadily, and prices are rising sharply, then the Fed should pursue a ___________________ monetary policy. tight-money (contractionary)
If the United States is experiencing high unemployment, then the Fed should pursue a ______________ monetary policy. expansionary (easy-money)
If prices are stable, and the GDP is growing at a 4 percent pace and unemployment is at an all-time low, the Fed should pursue a(n)_______________ monetary policy. do nothing
This is the interest rate that the Federal Reserve charges when it makes loans to commercial banks. discount rate
This is the Fed buying and selling bonds to alter the money supply. open market operations
This is the interest rate that banks charge each other on overnight loans. federal funds rate (FFR)
This is the interest rate that a broad set of financial institutions, such as money market funds, can earn on deposits with the Fed. overnight reverse repurchase agreement offering rate (ON RRP)
This is the interest rate that banks earn from the Fed on the funds they deposit in their reserve balance accounts. interest on reserve balances (IORB)
What should the Federal Reserve should do if car prices are up by 10%? do nothing
What should the Federal Reserve do if GDP declined from 4 percent to less than 1 percent in the last year? easy money policy (expansionary monetary policy)
What should the Federal Reserve do if the CPI (Consumer Price Index) and PPI (producer Price Index) have risen 4 percent in the last three months? tight money policy (contractionary monetary policy)
Popular Economics sets

 

 



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