19. The Federal Reserve System was established in 1913 in response to the A) First World War. B) bank panic of 1907. C) depression of 1883. D) prosperity of the 1920s. 20. Which organization is responsible for managing the nation's money supply? A) The Federal Reserve Bank of New York B) The United States Treasury C) The Federal Open Market Committee D) The American Association of Bankers 21. The Fed's most important and most frequently used tool of monetary policy is A) moral suasion. B) open-market operations. C) changes in the discount rate. D) changes in required reserve ratios.
19. The Federal Reserve System was established in 1913 in response to the A) First World War. B) bank panic of 1907. C) depression of 1883. D) prosperity of the 1920s. 20. Which organization is responsible for managing the nation's money supply? A) The Federal Reserve Bank of New York B) The United States Treasury C) The Federal Open Market Committee D) The American Association of Bankers 21. The Fed's most important and most frequently used tool of monetary policy is A) moral suasion. B) open-market operations. C) changes in the discount rate. D) changes in required reserve ratios.
Chapter14: Money And The Federal Reserve System
Section14.4: What A Federal Reserve Bank Does
Problem 1YTE
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Question
19. |
The Federal Reserve System was established in 1913 in response to the |
|
|
A) |
First World War. |
|
B) |
bank panic of 1907. |
|
C) |
depression of 1883. |
|
D) |
prosperity of the 1920s. |
20. |
Which organization is responsible for managing the nation's money supply? |
|
|
A) |
The Federal Reserve Bank of New York |
|
B) |
The United States Treasury |
|
C) |
The Federal Open Market Committee |
|
D) |
The American Association of Bankers |
21. |
The Fed's most important and most frequently used tool of |
|
|
A) |
moral suasion. |
|
B) |
open-market operations. |
|
C) |
changes in the discount rate. |
|
D) |
changes in |
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