Is the Fed the nation's only bank regulator?

A. Yes

B. No

The correct answer is B

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

A. True

B. False

The correct answer is B

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

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

B. fostering stability in financial markets

C. ensuring compliance with applicable laws and regulations

D. encouraging banks to responsibly meet the financial needs of their communities

E. promoting the safety and soundness of the banking system

The correct answer is A

Examiners are:

A. federal regulators who support the Federal Reserve System

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

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

D. Federal Reserve employees who supervise and regulate financial institutions

The correct answer is D