This group has broad control over the growth of the nation's money supply:

Advisory Councils

Federal Open Market Committee

Board of Governors

Member Banks

What happens to the profit (revenues in excess of costs) of the Federal Reserve Banks?

It is used to purchase new banks.

It become shareholder dividends.

Bonuses for employees.

It is turned over to the Treasury.

To the nearest 10 percent, what percentage of U.S. commercial banks are members of the Federal Reserve System?

20 percent

40 percent

90 percent

100 percent

Who selects the Federal Reserve Bank of Kansas City's president?

The President of the United States

The Federal Reserve Board of Governors

The Kansas City Fed's Board of Directors

The FOMC

Math problem: (The number of Federal Reserve Bank cities) times (the number of Federal Reserve Bank branch cities)

500

42.7

3,400

144

300