thority of the Fêderal Reserve? The Federal Reserve is required by the constitution. The Federal Reserve always operates in the best interest of the average American. The Federal Reserve is directly accountable to the government. The Federal Reserve provides stability and support for banks and the economy.

thority of the Fêderal Reserve? The Federal Reserve is required by the constitution. The Federal Reserve always operates in the best interest of the average American. The Federal Reserve is directly accountable to the government. The Federal Reserve provides stability and support for banks and the economy.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter20: Monetary Policy

Section20.3: Comparison Of Macroeconomic Views

Problem 2.1YTE

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Please select ONE of the following questions as your discussion topic and respond with a paragraph or two that directly answers the question AND makes reference to class materials. For full credit, you must also respond to the posts of at least two of your classmates. 1. The Federal Reserve Board has enormous power over people's lives with its power to set and influence policy that determines monetary policy in the United States. Do you think this is proper for a democracy to provide the FED with so such power? How is the FED held accountable?
A central bank such as the Fed is different from other banks and financial institutions in that it does not____ A)provide service to individuals or businesses B) generate, stimulate, or hurt the economy C)provide any concrete banking service D) have multiple locations throughout the country
The fed is an independent voice for the government. True or false
The Federal Reserve does not target both the money supply and an interest rate because it would be too confusing to Wall Street and would disrupt the financial markets. it would be too easy for Wall Street to determine what policy the Fed is following and this would destabilize the economy. it would be illegal according to the Federal Reserve Act. the Fed cannot achieve a target for both the money supply and an interest rate at the same time.
The Federal Reserve is controlled by the government and not a committee? True or False
Explain the major functions of the Federal Reserve.
One of the missions of the Federal Reserve is to strive for low interest rates and low unemployment. Why is it difficult to have both of these for long periods of time
41) The current chairman of the Federal Reserve System is A) Milton Friedman. B) Alan Greenspan. C) President Obama. D) Ben Bernanke. 42) The chairman of the Federal Reserve's Board of Governors A) controls the agenda of the Federal Open Market Committee meetings. B) is the main point of contact between the Fed and the President of the U.S. C) receives frequent background briefings on monetary policy issues from a large staff of economists and technical experts. D) All of the above answers are correct. 43) Most of the day-to-day power in monetary policy decisions lies with A) the President of the United States B) the Senate Banking Committee C) the chairman of the Board of Governors D) large commercial banks 44) On the Fed's balance sheet, assets include A) depository institutions deposits at the Federal Reserve and loans to depository institutions. B) U.S. government securities and loans to depository institutions. C)…
Which of the following is not true of the U.S. Federal Reserve System? The Fed has representation from commercial banks. The Fed consists of 12 regional banks. The Fed is a part of the U.S. government. The Fed is not owned nor controlled by the federal government.
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.
During the early months of the pandemic, the inflation rate fell well below the 2% target which would have alerted the Federal Reserve Bank to take action. Why was that the case? Did the Fed have anything to do with that process?
Which statement best describes a responsibility of the Federal Reserve System for the United States? It determines monetary policy It negotiates trade agreements It collects corporate taxes It guarantees bank deposits.