The Federal Reserve
Practice the major concepts from the lesson.
1) How many districts are there in the Federal Reserve System?
answer: 12
2) How many total Federal Reserve Banks are there in the United States?
answer: 25
3) Which district of the Federal Reserve is Alabama located?
answer: 6th, Atlanta
4) Where is the closest branch of the Federal Reserve located in relation to Birmingham?
answer: Liberty Park, Birmingham
5) Which of the following is NOT a main tool of the Federal Reserve?
answer: Taxes
6) Which entity is responsible for the monetary policy of the United States?
answer: The Federal Reserve
7) How often does the FOMC meet?
answer: At least eight times a year
8) Which Federal Reserve Bank president is always a member of the FOMC?
answer: New York
9) Which is the only state to have two main Federal Reserve Banks?
answer: Missouri
10) How many members serve on the FOMC?
answer: 12