Who runs the regional Federal Reserve Banks in each district?Select the correct answer below:the US federal governmentthe state governmentsdomestic and foreign investors through the purchase of stocks and bondsthe member commercial banks of the district

Which part of the Federal Reserve System is made up of seven members appointed by the president?A.Federal Reserve Board of GovernorsB.Federal Reserve banksC.Federal Open Market CommitteeD.Federal Reserve Expansionary Organization

Which banks have the option of joining the Federal Reserve System?State Chartered BanksDistrict BanksNationally Chartered BanksBranch Banks

Which of the following is not true of the U.S. Federal Reserve System?Select the correct answer below:The Fed is not owned nor controlled by the federal government.The Fed is a part of the U.S. government.The Fed consists of 12 regional banks.The Fed has representation from commercial banks.

1. The government agency that oversees the banking system and is responsible for theconduct of monetary policy in the United States isA) the Federal Reserve System.B) the United States Treasury.C) the U.S. Gold Commission.D) the House of Representatives.2. Individuals that lend funds to a bank by opening a checking account are calledA) policyholders.B) partners.C) depositors.D) debt holders.3. Total reserves are the sum of ________ and ________.A) excess reserves; borrowed reservesB) required reserves; currency in circulationC) vault cash; excess reservesD) excess reserves; required reserves4. Assuming initially that the required reserve ratio = 10%, the currency-deposit ratio = 75%,and the excess reserve ratio = 156%, an increase in the currency-deposit ratio to 150% causesthe M1 money multiplier to ________, everything else held constant.A) increase from 0.73 to 0.78B) decrease from 0.73 to 0.61C) increase from 1.54 to 1.67D) decrease from 1.67 to 1.545. Suppose that from a new checkable deposit, First National Bank holds two million dollarsin vault cash, one million dollars in required reserves, and faces a required reserve ratio of tenpercent. Given this information, we can say First National Bank has ________ million dollarsin excess reserves.A) oneB) twoC) nineD) ten6. If the required reserve ratio is one-third, currency in circulation is $300 billion, checkabledeposits are $900 billion, and there is no excess reserve, then the M1 money multiplier isA) 2.5.B) 2.8.C) 2.0.D) 0.67.7. The interest rate the Fed charges banks borrowing from the Fed is theA) federal funds rate.B) Treasury bill rate.C) discount rate.D) prime rate.8. The monetary base minus currency in circulation equalsA) reserves.B) the borrowed base.C) the nonborrowed base.D) discount loans.

Which Federal Reserve district bank president always votes on monetary policy changes?Group of answer choicesthe San Francisco Federal Reserve district bank president, because the geographic and population coverage of that district bank is so vast.the St. Louis Federal Reserve district bank president, because the mid-west is underrepresented in policy decision-making.all district bank presidents vote on every monetary policy decision.the New York Federal Reserve district bank president, because open market operations are conducted through the NY Federal Reserve bank.