the economics of money, banking, and financial markets

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15.8 Structure and Independence of Foreign Central Banks

1. 
   

   Which of the following is not an entity of the Federal Reserve System?
   A) Federal Reserve Banks
   B) The FDIC
   C) The Board of Governors
   D) The Board of Advisors
   Answer: D
   Diff: 1 Type: MC Page Ref: 366
   Skill: Recall
   Objective List: 15.2 Identify the Bank of Canada's functions and degree of independence and
   specify the arguments for and against an independent central bank

   
   


2. 
   

   Which of the following are entities of the Federal Reserve System?
   A) Federal Reserve Banks
   B) The FOMC
   C) The Board of Advisors
   D) Both A and B
   Answer: D
   Diff: 3 Type: MC Page Ref: 366
   Skill: Recall
   Objective List: 15.2 Identify the Bank of Canada's functions and degree of independence and
   specify the arguments for and against an independent central bank

   
   


3. 
   

   Which of the following are entities of the Federal Reserve System?
   A) Federal Reserve Banks
   B) The FDIC
   C) The Board of Advisors
   D) Both A and B of the above are Federal Reserve entities
   Answer: A
   Diff: 2 Type: MC Page Ref: 366
   Skill: Recall
   Objective List: 15.2 Identify the Bank of Canada's functions and degree of independence and
   specify the arguments for and against an independent central bank

   
   


4. 
   

   The board of governors members of the federal reserve system in the U.S. are appointed by
   the ____ and confirmed by the ____.
   A) president; senate
   B) president; house of representatives
   C) senate; president
   D) house of representatives; president
   Answer: A
   Diff: 1 Type: MC Page Ref: 367
   Skill: Recall
   Objective List: 15.2 Identify the Bank of Canada's functions and degree of independence and
   specify the arguments for and against an independent central bank