Structure of the Federal Reserve System
1) Which of the following is NOT an entity of the Federal Reserve System?
A) Federal Reserve Banks
B) The Comptroller of the Currency
C) The Board of Governors
D) The Federal Open Market Committee
2) Which of the following is an entity of the Federal Reserve System?
A) The U.S. Treasury Secretary
B) The FOMC
C) The Comptroller of the Currency
D) The FDIC
3) The three largest Federal Reserve banks (New York, Chicago, and San Francisco) combined hold more than ________ percent of the assets of the Federal Reserve System.
A) 25
B) 33
C) 50
D) 67
4) The Federal Reserve Banks are ________ institutions since they are owned by the ________.
A) quasi public; private commercial banks in the district where the Reserve Bank is located
B) public; private commercial banks in the district where the Reserve Bank is located
C) quasi public; Board of Governors
D) public; Board of Governors