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

A. high employment

B. balance in international accounts

C. economic growth

D. stable prices

E. rising wage rates

The correct answer is E

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

A. influencing the supply of money and credit

B. regulating and supervising financial institutions

C. serving as banker and fiscal agency for the government

D. supplying payments services to the public through depository institutions

The correct answer is A

Who has a checking account with the Federal Reserve?

A. The Fed's Board of Governors

B. The U.S. Treasury

C. The Member Banks

D. The FOMC

The correct answer is B

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

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

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

C. The Fed is the government's bank.

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

The correct answer is B