04.03 How Does the Fed Affect Me Quiz

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Which organization provides leadership for the Federal Reserve System?

Board of Governors

Which organization sets monetary policy for the United States?

Federal Open Market Committee

In which of the following scenarios are the Federal Reserve Banks most likely to intervene?

Several member banks run low on currency and coin.

Which event involves a function of the Federal Reserve System?

To promote economic growth, the Fed lifts home-loan restrictions on people with student-loan debt.

In which of the following scenarios would the Board of Governors be most likely to intervene?

Economic data for the year are released and require analysis.

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