Role and Functions of the Federal Reserve
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by Stephanie Foy
| 7 Questions
Note from the author:
GSE SSEMA2.b
1
1
The purpose of the Federal Reserve is to
reduce the amount of money in the economy.
promote price stability and economic growth.
to ensure the government has plenty of money.
to manipulate the money supply.
2
1
Which level of the Federal Reserve does "A" refer to in the diagram above?
Federal Open Market Committee (FOMC)
Board of Governors
Member Banks
District Banks
3
1
Which level of the Federal Reserve does "B" refer to in the diagram above?
Federal Open Market Committee (FOMC)
Board of Governors
Member Banks
District Banks
4
1
Which component of the Federal Reserve system does "C" refer to in the diagram above?
Federal Open Market Committee (FOMC)
Board of Governors
Member Banks
District Banks
5
1
Which component of the Federal Reserve system does "D" refer to in the diagram above?
Federal Open Market Committee (FOMC)
Board of Governors
Member Banks
District Banks
6
1
The Federal Reserve serves as the bank for the United States government.
True
False
7
1
The Federal Reserve regulates banks and provides currency to the banking system.
True
False
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