The Federal Reserve

Question 1

The Federal Reserve System is an independent government agency that was established by __________.

Revolt · Accepted Answer

Congress

Question 2

The institution responsible for managing a nation’s money supply is the __________.

Revolt · Accepted Answer

central bank

Question 3

The Federal Reserve directly affects the ability of banks to __________.

Revolt · Accepted Answer

approve loans

Question 4

To counter inflation the Federal Reserve makes __________ available.

Revolt · Accepted Answer

less money

Question 5

The Federal Reserve System monitors and regulates the US __________ and __________ system.

Revolt · Accepted Answer

monetary . . . banking

Question 6

The Federal Reserve is responsible for overseeing all __________.

Revolt · Accepted Answer

depository institutions

Question 7

The Federal Reserve regulates the money supply by controlling how much banks can __________.

Revolt · Accepted Answer

lend

Question 8

Which former US president signed the Federal Reserve Act in 1913?

Revolt · Accepted Answer

Woodrow Wilson

Question 9

How many members are on the Federal Reserve board of governors?

Revolt · Accepted Answer

7

Question 10

The Federal Reserve institution of district 12 is called__________.

Revolt · Accepted Answer

The Federal Reserve of San Francisco

The Federal Reserve Answers