Answered: There are Federal Reserve regional…

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter12: Money And The Banking System

Section: Chapter Questions

Problem 3DQ

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The Federal Reserve's organization

There are 5 , 7, 12 Federal Reserve regional banks.

Which of the following contributes to making the Federal Reserve an independent policymaking body?

A) There are 12 Federal Reserve banks.

B) Its role is written into the U.S. Constitution.

C) Members of the Board of Governors are appointed for 14-year terms.

The Federal Reserve's primary tool for changing the money supply is choice: the reserve requirement, open-market operation, the discount rate. In order to increase the number of dollars in the U.S. economy (the money supply), the Federal Reserve will choice: buy, sell government bonds.

There are
Federal Reserve regional banks.
Which of the following contributes to making the Federal Reserve an independent policymaking body?
O There are 12 Federal Reserve banks.
O Its role is written into the U.S. Constitution.
O Members of the Board of Governors are appointed for 14-year terms.
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.

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