Is the Fed the nation's only bank regulator?

Yes

No

True or false: The Federal Reserve System plays no role in consumer protection.

True

False

Which of the following is not a goal of the Fed with respect to supervision and regulation?

ensuring that prices for loans never exceed an interest rate of 10%

fostering stability in financial markets

ensuring compliance with applicable laws and regulations

encouraging banks to responsibly meet the financial needs of their communities

promoting the safety and soundness of the banking system

Examiners are:

federal regulators who support the Federal Reserve System

the employees of financial institutions who ensure that their bank follows state law

structural engineers who determine if a bank’s vault is safe

Federal Reserve employees who supervise and regulate financial institutions