Banking Section Test

Match it! Select the correct answer from the pull down...Good luck!

The Federal Reserve was created in the year _____.

What is the role of the FOMC?

Which of the following is NOT one of the three tools used by the Fed to work with the money supply?

Which one is the principal monetary tool used by the Fed?

Which of the following is NOT part of the Federal Reserve?

Control of the country's money supply for the purpose of promoting economic growth is

The percent of interest the Fed charges commercial banks on overnight loans is the

____ represents the percent of a bank's reserves held in its vaults.