In an effort to help American businesses during the Depression, the ________ raised tariffs.
a. World Trade Organization.
b. Federal Deposit Insurance Corporation
c. Federal Reserve System
d. Smoot-Hawley Act
e. General Agreement on Tariffs and Trade
Question -2-The primary regulator of national banks is the
a. Office of the Comptroller of the Currency.
b. Federal Reserve.
c. Treasury Department.
d. Federal Deposit Insurance Corporation.
e. Office of Budget and Management.
Question -3-Which of the following is
not one of the main goals of regulation of the financial marketplace?
a. Ensuring the integrity of markets to prevent fraud and manipulation
b. Ensuring the stability of the overall financial system
c. Monitoring the safety and soundness of institutions
d. Preventing the rise of unemployment
e. Protecting consumers from fraud deception, or unfair practices
Question -4-When the New York Federal Reserve Bank buys securities, it causes the federal funds rate to
a. fluctuate unpredictably.
b. go down.
c. go up.
d. hold steady.
e. vanish.
Question -5-After the FOMC sets a target for the federal funds rate, how does the New York Federal Reserve Bank nudge the rate toward that target?
a. It begins the process of refinancing mortgages it holds.
b. It buys or sells securities.
c. It directs all nationally chartered banks to adjust their rates accordingly.
d. It holds a press conference.
e. It instructs Congress on drafting the appropriate funds rate bill.
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