Which of the following is not a primary economic goal supported by Federal Reserve policy?

high employment

balance in international accounts

economic growth

stable prices

rising wage rates

What is the most important function of the Federal Reserve System?

influencing the supply of money and credit

regulating and supervising financial institutions

serving as banker and fiscal agency for the government

supplying payments services to the public through depository institutions

Who has a checking account with the Federal Reserve?

The Fed's Board of Governors

The U.S. Treasury

The Member Banks

The FOMC

Why are the Federal Reserve Banks considered banker's banks?

The Fed only makes loans to people who own stock in banks.

The Fed provides services to commercial banks and other depository institutions.

The Fed is the government's bank.

People who work at the Fed keep their savings in the vault.