Answered: The president from which Federal…

The president from which Federal Reserve Bank always has a vote in the Federal Open Market Committee? Question 13 options: a) New York b) San Francisco c) Philadelphia d) Boston

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter13: The Federal Reserve System

Section: Chapter Questions

Problem 6WNG

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Question

The president from which Federal Reserve Bank always has a vote in the Federal Open Market Committee?

Question 13 options:

New York

b)	San Francisco

c)	Philadelphia

Boston

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Of the 12 Federal Reserve districts which Federal Reserve bank president is always included as a voting member of the Federal Open Market Committee (FOMC)? Boston Chicago New York Atlanta San Francisco
If the Federal Reserve bank would like to decrease the federal funds rates and increase the amount of money, then it will: Group of answer choices sell bonds in open market operations. reverse quantitative easing. buy bonds in open market operations. none of the other answers
The Federal Open Market Committee consists of: Group of answer choices 7 members nominated by the President and confirmed by the Senate. 12 members one from each Federal Reserve District Bank. 12 members including 5 Presidents from each Federal Reserve District. 7 members elected by the Congress.
Why is it important for the members of the Board of Governors of the Federal Reserve to have longer terms in office than elected officials, like the President? Group of answer choices it is too difficult to find members, so the term is longer to reduce political pressure on the members all of the above the members voted last year to extend the limits
Which statement best describes a responsibility of the Federal Reserve System for the United States? It determines monetary policy It negotiates trade agreements It collects corporate taxes It guarantees bank deposits.
The chairman of the Federal Reserve Board can accelerate economic activity by lowering interest rates. What primary method does the Federal Reserve use to accomplish this? Group of answer choices Selling margin requirements Buying Treasury securities Increasing the discount rate Increasing reserve requirements
Fannie Mae, Freddie Mac, and similar government-sponsored enterprises obtain their funds from Group of answer choices the U.S. Treasury. the Federal Reserve. issuing commercial paper and bonds. both the U.S. Treasury and the Federal Reserve.
The Board of Governors of Federal Reserve have 14-year terms of office and the Federal Reserve is a self-financing institution that is owned by private-sector commercial banks that are members of the Federal Reserve System. This supports the independence of the Federal Reserve from political pressure of the federal government, thus allowing the Federal Reserve freedom to effectively control the money supply to maintain price stability. Group of answer choices True False
If the Bank of Canada were to conduct an open market sale, it would Select one: a. decrease the money supply and increase output. b. increase the money supply and decrease output. c. increase the money supply and increase output. d. decrease the money supply and decrease output.
When a commercial bank borrows from the Federal Reserve, it pays the ________ rate, whereas if it borrows from another commercial bank it pays the ________ rate. Group of answer choices prime; federal funds federal funds; discount discount; federal funds interest; discount
Who selects the chairperson of the federal reserve system ? Describe the relationship between the Board of governors of the federal reserve system and the 12 Federal Reserve Banks . what is the composition and purpose of the federal open market committee ( FOMC)?
When the Federal Reserve system (the Fed) sells bonds to banks, we would expect them to lower the discount rate the banking system gains reserves All listed options are correct. this is most likely contractionary monetary policy