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15.8 Structure and Independence of Foreign Central Banks
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
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
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
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