Flashcards in quiz8 Deck (10):
The Federal Reserve is the _____ bank of the US.
The Fed is responsible for setting the rules and regulations under which banks operate, but not under which stock brokers operate.
When the Fed makes a loan to a bank, the interest rate it charges is called the _______ rate.
When a bank borrows overnight from another bank, the interest rate they are charged is called the ______ rate.
The Federal Reserve was created by Alexander Hamilton in the early days of the US,
The Fed is divided into ____ districts.
The are supposed to be _____ members of the Board of Governors of the Fed.
The Fed increases the money supply when it:
The process in number eight is called ______.
open market operations