Reserve Banks act as a bank for the U.S. government by performing all but one of the following operations

processing Treasury's payments.

assisting with Treasury's cash management.

minting U.S. coins.

selling government securities.

Which is not an entity of the Federal Reserve System?

Reserve Banks

Board of Governors

Federal Open Market Committee

Senate Finance Committee

How many members of the FOMC can vote at any one meeting?

7

9

12

19

How many districts make up the Federal Reserve System?

3

12

25

52

Which of these activities is not carried out by the Reserve Banks?

clearing checks

supervise commercial banks

printing U.S. dollars

research regional, national and international economic issues

The members of the Board of Directors of each of the regional Banks

are elected to their positions by citizens of their districts.

select the president of the banks on which they serve as directors.

must be lawyers.

are selected by the mayors of the cities which house Federal Reserve Banks.

Reserve Banks

are located mostly in the West.

carry out the Fed's policies at a regional level.

elect the Board of Governors.

sell stocks to the public.

The head of the formal organization of the Federal Reserve System is the:

Board of Governors

United States Congress

Secretary of the Treasury

Internal Revenue Service

The Federal Open Market Committee

meets in Washington D.C. to make monetary policy decisions.

is headed by the Secretary of the Treasury.

is headed by the Director of the U.S. Mint.

prints U.S. currency.