Title: QUIZ: Promoting Financial System Stability -- Fed Functions Video Series
Course: Kelly's Copy-Export Course > Section: Promoting Financial System Stability -- Fed Functions Video Series

Q: The Federal Reserve is the Central Bank of the United States.
- True
- False
A: True

Q: According to the video, the financial crisis and recession that followed in 2007 showed that
- supervision and regulation that had been developed over the years had kept up with changes in the financial system, and no changes were necessary. 
- supervision and regulation could be cut back because of the vast improvement of the past. 
- supervision and regulation should consider the whole financial system, not just banks and financial institutions. 
A: supervision and regulation should consider the whole financial system, not just banks and financial institutions. 

Q: The Federal Reserve promotes the sustainability and stability of
- the global economy first, and the U.S. economy more generally.
- the U.S. economy first, and the global economy more generally.
A: the U.S. economy first, and the global economy more generally.

Q: The Federal Reserve’s actions to promote financial stability complements the most well-known monetary policy mandate from Congress to
- promote price stability and maximum employment.
- keep interest rates high to reward savers and investors.
- keep local banks stocked with coins and currency.
A: promote price stability and maximum employment.