The members of the Board of Governors are
A) elected by the member banks
B) appointed by the Senate
C) appointed by the President of the United States
D) elected by the Federal Open Market Committee
Correct Answer:
Verified
Q24: When commercial banks grant loans,
A) the money
Q25: The target federal funds rate is set
Q26: Commercial banks lend excess reserves for one
Q27: The Federal Reserve
A) is part of the
Q28: During a period of recession, a federal
Q30: The Federal Reserve increases reserves by
A) selling
Q31: Anticipation of inflation discourages
1) saving
2) borrowing
3) lending
4)
Q32: Excess reserves are affected by
1) reserve requirements
2)
Q33: The Federal Reserve may contract the money
Q34: If deposits are withdrawn from a commercial
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