This group has broad control over the growth of the nation's money supply:

A. Advisory Councils

B. Federal Open Market Committee

C. Board of Governors

D. Member Banks

The correct answer is B

What happens to the profit (revenues in excess of costs) of the Federal Reserve Banks?

A. It is used to purchase new banks.

B. It become shareholder dividends.

C. Bonuses for employees.

D. It is turned over to the Treasury.

The correct answer is D

To the nearest 10 percent, what percentage of U.S. commercial banks are members of the Federal Reserve System?

A. 20 percent

B. 40 percent

C. 90 percent

D. 100 percent

The correct answer is B

Who selects the Federal Reserve Bank of Kansas City's president?

A. The President of the United States

B. The Federal Reserve Board of Governors

C. The Kansas City Fed's Board of Directors

D. The FOMC

The correct answer is C

Math problem: (The number of Federal Reserve Bank cities) times (the number of Federal Reserve Bank branch cities)

A. 500

B. 42.7

C. 3,400

D. 144

E. 300

The correct answer is E