Econ test 3. ch. 16

The major objective of the Federal Reserve System is to:

One uniquely American aspect of central banking is that:

The Federal Reserve banks are owned by:

All decisions of the Fed are subject to approval by:

Decisions regarding purchases and sales of securities by the Fed are made by:

Which of the following is most frequently used when the Fed is attempting to adjust the money supply?

The Fed's purchases and sales of government securities are called:

Which of the following is the Fed's most common way to change the money supply?

Considering open market operations, which of the following observations is incorrect?

Which of the following is not a function of the Federal Reserve System?limiting the national debt

If the Fed sells a U.S. government bond to a bank, what is the effect on the money supply?

When the Fed wants to expand the money supply through open market operations, it:

If the Federal Open Market Committee (FOMC) decides to expand the money supply, then:

When the Fed purchases government securities from a commercial bank, the bank:

The money supply contracts when the Fed:

Which of the following actions of the Fed is likely to lead to a decrease in the money supply?

If the Fed buys a U.S. government bond from a member of the public,

If your economics professor buys a U.S. government bond from you, the effect will be to ____ banking reserves and ____ the money supply.

If you sell your economics professor a U.S. government bond, the effect will be to ____ banking reserves and ____ the money supply.

When the Fed buys a U.S. government security: