Title: QUIZ: Supervision and Regulation -- The Federal Reserve and You
Course: Kelly's Copy & Export Course > Section: Supervision and Regulation -- The Federal Reserve and You

Q: Which of the following financial institutions are supervised and regulated by the Federal Reserve System, in partnership with other federal and state agencies?
- Payday lenders
- “Wildcat” banks
- Credit unions
- Bank holding companies
A: Bank holding companies

Q: The fundamental goal of the Federal Reserve's supervision and regulation role is to promote
- the safety and soundness of banks.
- the elimination of unemployment.
- high interest rates.
- low inflation.
A: the safety and soundness of banks.

Q: The "Banking Panic of ______" helped prompt the creation of the Federal Reserve System.
- 1892
- 1897
- 1902
- 1907
A: 1907

Q: The _____________ Act of 2010 expanded the Federal Reserve System's supervisory responsibilities.
- Glass-Steagall
- Carter-Woodson
- Dodd-Frank
- Wilson-Polk
A: Dodd-Frank

Q: Too ___________ regulation can stifle economic activity, while too ____________ regulation can lead to excessive risk taking and possible financial instability.
- much; little
- little; much
- little; little
- much; much
A: much; little