Past Exam for ECON 2006 - Principles of Economics with McLeod at Virginia Tech (VT)

Exam Information

Material Type:Exam 3
Class:ECON 2006 - Principles of Economics
University:Virginia Polytechnic Institute And State University
  • Reserve Requirement
  • Decrease Increase
  • Government Securities
  • Requirement
  • Immediately
  • Crowding In
  • Speculation
  • Combination
  • Required Reserves
  • Government Spending
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Sample Document Text

Econ 2006-11463 FORM C Exam 3 McLeod ~/ The Federal Open Market Committee consists of the 2. a. b. c. 7 members selected by the President and a chairperson selected by the Board of Governors of the Federal Reserve System. 9 directors each elected by a district Federal Reserve Bank and 3 members selected by the Treasury secretary. 12 District Federal Reserve Bank presidents, the 7 governors from the Board of Governors, and the Treasury secretary. 7 members of the Fed's Board of Governors, the president of the New York Fed Bank, and, on a rotating basis, 4 presidents from the 11 other Fed district banks. A Loan made by a bank is considered of that bank. ~ :nl!:~;~ity c. net worth d. capital 3. In the United States, monetafy policy is formally set by - I 5. ~ Federal Open Market Committee b. Council of Economic Advisors c. Department of the Treasury d. Congress e. The New York federal Reserve Bank Assume that all banks in the banking system are loaned up. ...

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