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- 11) Which of the following increases the quantity of money? A) an individual's cash withdrawal from a bank B) an individual's purchase of a government security from the Fed C) the Fed's purchase of a government security D) an increase in the government's budget deficit 12) Open market purchases by the Federal Reserve System (the Fed) A) raise the federal funds rate. B) increase bank reserves. C) occur when the Fed wants to decrease the quantity of money. D) All of the above answers are correct. 13) When the Fed raises the federal funds rate, A) net exports increase. B) the value of the dollar falls on the foreign exchange market. C) the value of the dollar rises on the foreign exchange market. D) consumption increases. 14) If the Fed raises the federal funds rate so that the exchange rate rises, then imports ________ and exports ________. A) increase; increase B) increase; decrease C) decrease; increase D)…5. The Federal Reserve's organization members of the Federal Reserve Board of Governors. There are Which of the following is a responsibility of the Federal Open Market Committee (FOMC)? Making decisions regarding monetary policy Issuing mortgages to homeowners Buying and selling stocks The Federal Reserve's primary tool for changing the money supply is the U.S. economy (the money supply), the Federal Reserve will In order to decrease the number of dollars in government bonds.The Federal Reserve is responsible for managing the U.S. money supply. A.) List and thoroughly explain 6 of the functions of the Federal Reserve System. Be specific. b.)Please thoroughly and completely explain how money is created and destroyed. c.) Please thoroughly and completely explain how the 3 tools of monetary policy would work to address the problem of recession. Include the impact of those tools on the key economic variables. Specifically, I want you to explain how each of the 3 tools would work using the chain of events approach.
- 5. The Federal Reserve's organization While all members of the Federal Reserve Board of Governors vote at Federal Open Market Committee (FOMC) meetings, only regional bank presidents are members of the FOMC. Which of the following contributes to making the Federal Reserve an independent policymaking body? Members of the Board of Governors are appointed for 14-year terms. There are 12 Federal Reserve banks. Its role is written into the U.S. Constitution. The Federal Reserve's primary tool for changing the money supply is the U.S. economy (the money supply), the Federal Reserve will government bonds. of the In order to decrease the number of dollars in23) Which of the following legislation says the Federal Reserve should promote price stability and maximum employment, but does not specify how the Federal Reserve should weight these goals? the Clayton Antitrust Act of 1914 There is no such legislation affecting the Federal Reserve. the Federal Reserve Act of 1913 a 1977 amendment to the Federal Reserve Act.Q1) Choose the Right answer from the options provided for the following questions: 4. Which one is a tool of the Federal Reserve? a. Banking for banks b. Controlling inflation c. Banking for the government d. Selective credit controls 5. _________is a promise by a bank to lend the cardholder money with which to make purchases. a. Debit Card b. Money exchange c. E-Money d. None of the above
- 5. The Federal Reserve's organization There are Federal Reserve regional banks. Which of the following is a responsibility of the Federal Open Market Committee (FOMC)? Making decisions regarding monetary policy Buying and selling stocks Issuing mortgages to homeowners The Federal Reserve's primary tool for changing the money supply is . In order to increase the number of dollars in the U.S. economy (the money supply), the Federal Reserve will government bonds. O O1. Beleaguered State Bank (BSB) holds $250 million in deposits and maintains a reserve ratio of 10%Show a T-account for BSB. A.) Now suppose that BSB’s largest depositor withdraws $10 million in cash from her account. If BSB decides to restore its reserve ratio by reducing the amount of loans outstanding, show its new T-account. B.) Explain what effect BSB’s action will have on other banks. C.) Why might it be difficult for BSB to take the action described in part (b)? Discuss another way for BSB to return to its original reserve ratio.5 1) Explain the logic of Modern Monetary Theory.
- Question 3 Part (a) Suppose that your bank's reserve ratio is 0.2 and you deposit $50,000 into the bank. Assume that the bank loans out the maximum amount it can, and people deposit all their money. What is the deposit multiplier? What is the total increase in deposits in the banking system? What is the change in the money supply? Part (b) Graph the demand for and supply of Australian dollars for British Pound. Suppose the Reserve Bank of Australia decides to follow an appropriate monetary policy to contain inflation. Show graphically and explain the effect of this policy on the demand and supply of dollars and the resulting change in the exchange rate of pounds for dollars.1. In what ways can the regional Federal Reserve Banks influence the conduct ofmonetary policy?Ab 53 Economics Which of the following is NOT true about the members of the Federal Reserve Board of Governors? Multiple Choice a.) They are appointed to fourteen-year terms by the President of the United States. b.) They are relatively immune to short-term political pressures. c.) They may not be reappointed after serving a full term. d.) They each serve as chairman of the Board of Governors on a rotating basis.