Show:
Fed Chairs
What is Monetary Policy?
The Board of Govenors
Banking
Structure of the Fed
100

This person is the current Federal Reserve Chair

Who is Jerome Powell

100

What is Monetary Policy?

How the Federal Reserve handles the money supply in the US to prevent/end downturns in the Economy.

100
How many members are there on the Board of Governors of the Federal Reserve?
What is 7
100

what is liquidity?

how easily an asset can be converted to cash

100
12
What is the number of Federal Reserve Districts
200

True or False - Newly elected Presidents can hand select a new chairperson of the FED if they are unhappy witht the sitting chair?

False

200

Coins and paper money are examples of .

What is Currency/M1

200
4 years
What is length of the Chairman of the Federal Reserve's term.
200

How do banks create/make money

What are loans.

200
What does FOMC stand for?
Federal Open Market Committee.
300
How long is the Federal Reserve Chairman's term?
What is 4 years
300

What is contractionary monetary policy.

raising int rates/raising the RRR/selling bonds

300
Who appoints the Chairman of the Federal Reserve?
Who is The President of the United States
300

What is M2 money?

Saving accts/Money markets/investments?

Assets that are not as easily converted into cash

300

How was the FED created?

Federal Reserve Act of 1913

400
Who appoints the Chairman?
Who is the President
400

Example of expansionary monetary policy.

lowering int. rates/cutting the RRR/buying bonds

400
Congress.
Who confirms the Chairman of the Federal Reserve?
400

The concept/mechanism by which banks are able to create money from deposits/Reserves?

What is the Money multiplier - 1/RRR

400

What district are we located in (TN) - # and city

6th - Atlanta

500

This person was the Chairman of the Federal Reserve prior to the current chair, she was the 1st woman to hold the position

Janet Yellen

500

What is the main goal of monetary policy?

keeping the economy stable

500
How long are the members of the BOG terms?
What is 14 years.
500

Banks are insured by? (customers deposits)

What is the FDIC

500

What does the FOMC do?

Buy and sell US Government Securities.

Open market operations