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Federal Reserve System: Quiz


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Question 1: [42] In Lewis v. United States,[83] the ________ stated that:
United States Court of Appeals for the Eighth CircuitUnited States Court of Appeals for the Ninth CircuitUnited States Court of Appeals for the Seventh CircuitUnited States Court of Appeals for the Fourth Circuit

Question 2: The main motivation for the third central banking system came from the ________, which renewed demands for banking and currency reform.
Panic of 1873Panic of 1907Panic of 1819Financial crisis of 2007–2010

Question 3:
Where are the headquarters of Federal Reserve System?

Question 4: [31] As a result, in July 1979 ________ was nominated by President Carter as Chairman of the Federal Reserve Board.
Peter R. OrszagRahm EmanuelLawrence SummersPaul Volcker

Question 5: ________ (T-bills, T-notes, and T-bonds) sold at auction, and resell them to the public.
Zero-coupon bondYield-curve spreadUnited States Treasury securityBond (finance)

Question 6:
What is the currency of Federal Reserve System?

Question 7: dollar (which was on the gold standard itself) as a ________.
United States dollarJapanese yenBretton Woods systemReserve currency

Question 8: [133] Foreign exchange swap lines with the ________ and Swiss National Bank were opened so the banks in Europe could have access to U.S. dollars.
Economic and Financial Affairs CouncilEuro GroupEurozoneEuropean Central Bank

Question 9: From 1837 to 1862, in the ________ there was no formal central bank.
Federal Open Market CommitteeHistory of central banking in the United StatesFull-reserve bankingFederal Reserve System

Question 10: Federal reserve accounts contain federal reserve credit, which can be converted into ________.
United States ten-dollar billUnited States dollarFederal Reserve SystemFederal Reserve Note


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