Check clearing, supervision of member banks, holding reserves, and supplying paper currency
What is functions of the FED
100
Tight money means credit is short and expensive; it is used to control
What is inflation
100
The Federal Reserve system created by Congress in 1913 as the nation's central banking organization
What is the FED
100
The "Number" of Federal Reserve banks that are set up as corporations owned by member banks
What is Twelve
200
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What is Federal Advisory Council
200
Most important function of the FED
What is regulate money supply
200
Banks can use non-reserved deposits to __________
What is create new money
200
the interest rate the FED charges its member banks when they borrow money to meet the reserve
What is Discount rate-
200
Some critics of the FED want to stop the FED from engaging in any ______________________ at all
What is monetary policy
300
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What is Monetary Policy
300
When the FED __________ , it makes a deposit into the reserve account of the security dealer’s bank, giving that bank more money to lend out because its reserve account is higher than necessary
What is buys securities
300
Monetary policy involves changing the growth rate of the money supply in order to
What is change the cost and availability of credit
300
The interest rate charged by banks to each other for short-term loans
What is Federal fund rate-
300
buying and selling government securities
What is Open market Operations
400
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What is securities
400
Former chairman of the FED
Who is Alan Greenspan
400
Monetary policy involves changing the _____________in order to change the cost and availability of credit
What is growth rate of the money supply
400
The method by which a check that has been deposited in one depository institution is transferred to the depository institution on which it was written
What is check clearing
400
Those chartered by the federal government, must join the Federal Reserve System
What is all national banks
500
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What is multiple expansion of money
500
Chairman of the FED
What is Benjamin Bernanke
500
When the FED , _____________banks can call in loans, sell off investments, or borrow from another bank or the Federal Reserve.
What is raises reserve requirements
500
regulations set by the FED requiring banks to keep a certain percentage of their deposits as cash in their own vaults or as deposits in their Federal Reserve district banks
What is reserve requirement
500
South Carolina's Federal Reserve district number, Federal Reserve Branch city and Federal Reserve Bank city