The Federal Reserve System
There are currently ___ Federal districts.
12
The Board of Governors are each appointed for a ___ year term.
14
The _____ controls the money supply.
FED
The Fed uses 4 main policy tools: Open Market Operations, changing the required reserve ratio, discount rate, and __________ ___________ ___________.
Federal Funds Rate
The Feds tool of __________ ____________ _______________ involves manipulating the rate at which banks borrow from banks.
Federal Funds Rate
The ___________ ____________ ____________ is the least impact full to the fed uses to control the money supply.
Federal Funds Rate
Each Federal Reserve has its own ____________ ____________ ____________.
Federal Reserve Bank.
The ____________________ ________________ _______________________ is the central bank of the United States.
Federal Reserve System
The current chairman is ____________ ________________.
Janet Yellen
The FOMC consists of the president of the Federal Reserve Bank of ___________ _______________.
New York
Quanntitative easing differs from a ___________ ____________ ____________ in its scale and purpose, and it might require the Fed o buy any of a number of private securities rather than government securities.
Normal Open Market Purchase
The Feds tool with the most impact is the _________________ ______________ _____________.
Open Market Operation
_____________ _______________ ________________is the buying and selling of securities.
Open Market Operations
_______________ are also called bonds.
Securities
The Board of Governors of the Federal Reserve System is located in _________________ _____.
Washington DC
Durining expansionary Monetary Policy Periods, the Fed _______ bonds.
buys
A ______________ _________________ is a public authority that provides banking services to banks and regulates financial institutions and markets.
central bank
The FOMC consist of the ____________ and other six members of the Board of Governors.
chairman
The _______________ is the Fed's cheif executive, public face, and center of power and responsibility.
chairman
When the Fed buys private securitiies or makes loans to financial institutions, the action is called _____________ ___________.
credit easing
During Expansionary Monetary Policy, money supply, reserve ratio, discount rate, federal funds rate, and overall interest rate __________.
decreases
The Feds tool of ____________ _______________ involves changing the rate at which banks borrow from the Fed.
discount rate
During Contractionary Monetary Policy, money supply, reserve ratio, discount rate, federal funds rate, and overall interest rate __________.
increases
When the Fed creates bank reserves by conducting a large-scale open market purchase at a low or possibly zero federal funds rate, the action is called _____________ _________________.
quantitative easing
The president appoints one if the board members as a Chairman for a term of 4 years, which is ____________.
renewable
The Fed's tool of _____________ ________________ _____________ involves the changing of the reserve requirement.
required reserve ratios
The FOMC consist of four president of the other regional Federal Resever banks on a ____________ rotating basis.
yearly
The Fed's main task is to regulate the interest rate and quantity of money to achieve _________ ____________ ________________ inflation and sustained economic growth.
low and predictable
The ____________ _________________ ____________________ __________________ is the Fed's main policy- making committee.
Federal Open Market Committee
Durining contractionary Monetary Policy Periods, the Fed _______ bonds.
sells
The Board of Goveners consist of ______________ members, appointed by the President of the United States and confirmed by the Senate.
seven
The FOMC meets approximately every ____________ __________.
six weeks
