Test Your Knowledge Structure and Functions of the Federal Reserve

Test Your KnowledgeStructure and Functions of the Federal Reserve Click on the letter of your choice to test your understanding.

Question 1 The structure of the Federal Reserve includes:

Question 2 The seven members who are appointed by the U.S. president and confirmed by the Senate for 14-year terms are the

Question 3 The nation’s monetary policy is conducted by:

Question 4 The Federal Open Market Committee’s voting members are:

Question 5 Because Reserve Banks are owned by member banks while governors are political appointees, the Fed is:

Question 6 The functions of the Federal Reserve are:

Question 7 The goals of monetary policy are:

Question 8 The function of the Fed that includes being the “banker’s bank” is:

Question 9 Which of the following financial institutions are regulated by the Federal Reserve?

Question 10 Which of the following was NOT established as consequence of the Wall Street Reform and Consumer Protection Act (also known as the Dodd-Frank Act)?

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Test Your Knowledge Structure and Functions of the Federal Reserve