15.1

Assuring that banks do not discriminate on the basis of sex or marital status

safeguarding the public against unfair practices

Which action is something the Fed does not have the authority to do?

the fed funnels billions of dollars toward scientific research

The Federal Reserve System includes leaders and governing boards appointed both federally and in the private sector, each with specific decision-making authority. Which statement about the organization and responsibilities of the various entities of the Federal Reserve System is correct?

Appointments to the Board of Governors are confirmed by the Senate. Federal Reserve member banks elect directors of regional Boards in each district.

Which action is an example of expansionary monetary policy?

The Fed lowers the reserve requirement.

true

a central bank is usually responsible for conducting monetary policy and ensuring that the nation's financial system operates smoothly there are central banks or similar structures in most countries in the world the federal reserve ensures that enough currency and coins are circulating through the financial system to meet public demands the fed's board of governors is situated in the Richmond federal reserve district alaska and hawaii are part of the geographically largest federal reserve district

Engaging with banks worldwide to minimize and contain systemic risks

banking supervision

Which action could be undertaken by the Federal Reserve Bank

considering the economic merits of policy decisions

Suppose the Fed increases the discount rate. What is this an example of

contractionary monetary policy

The European Central bank handles monetary policy for countries that use the [blank]

euro

Suppose the Fed cuts the discount rate. What is this an example of

expansionary monetary policy

Suppose the Fed makes an open market purchase of bonds. What is this an example of

expansionary monetary policy

false

the fed is a common name for central banks in north American countries and England the fed does not process checks the federal reserve provides banking services only to the federal government like most central banks, the federal reserve is decentralized as the fed chair has only one vote, he or she has the same power and influence as others on the board of governors a president for each regional federal reserve district is appointed by the president of the United States each state in the U.S. has its own Federal Reserve bank the federal reserve system includes only federally appointed leaders commercial banks in each district elect a board of directors for each regional federal reserve bank, but all of these boards are headed by the chair of the fed

Suppose the Fed makes sure that banks are not discriminating against consumers on the basis of sex. What is this an example of

the role of a fed as a bank regulator

The Bank of Japan handles monetary policy for the country that uses the [blank]

yen