19.The Federal Reserve System was established in 1913 in response to the A)First World War. B)bank panic of 1907. C)depression of 1883. D)prosperity of the 1920s. 20.Which organization is responsible for managing the nation's money supply? A)The Federal Reserve Bank of New York B)The United States Treasury C)The Federal Open Market Committee D)The American Association of Bankers 21.The Fed's most important and most frequently used tool of monetary policy is A)moral suasion. B)open-market operations. C)changes in the discount rate. D)changes in required reserve ratios.

The correct answer is-B) bank panic of 1907.The Federal Reserve System, often referred to as the…

Answered: 19. The Federal Reserve System was…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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19.	The Federal Reserve System was established in 1913 in response to the
	A)	First World War.
	B)	bank panic of 1907.
	C)	depression of 1883.
	D)	prosperity of the 1920s.

20.	Which organization is responsible for managing the nation's money supply?
	A)	The Federal Reserve Bank of New York
	B)	The United States Treasury
	C)	The Federal Open Market Committee
	D)	The American Association of Bankers

21.	The Fed's most important and most frequently used tool of monetary policy is
	A)	moral suasion.
	B)	open-market operations.
	C)	changes in the discount rate.
	D)	changes in required reserve ratios.

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