13. Which of the following institutions is NOT a central bank? A. Bank of Japan

Question

13. Which of the following institutions is NOT a central bank?

A. Bank of Japan

B. Bank of England

C. Bank of Canada

D.Bank of China

14. The agency responsible for regulating the money supply in the United States is

A. the Comptroller of the Currency

B. the U.S. Treasury

C. the Federal Reserve

D.U.S. Bank Corp

15. The agency responsible for regulating the U.S.

monetary system is

A. U.S. Treasury

B. Federal Reserve

C. Department of Justice

D.Federal Trade Commission

16. A central bank’s setting of the money supply is known as

A. open-market operation

B. interest rate policy

C. monetary policy

D. employment policy

17. An important function of the U.S. Federal Reserve is to

A. set the debt ceiling

B. fund Congressional spending

C. control the supply of money

D.mint coins

18. The members of the Federal Reserve’s Board of Governors

A. are appointed by the president of the US and confirmed by the US Senate.

B. serve six-year terms.

C. are also the presidents of the regional Federal Reserve banks.

D.do not have voting power.

19. Which of the following is correct?

A. The Federal Reserve System has 14 regional banks. The Board of Governors has 12 members

who serve 7-year terms.

B. The Federal Reserve System has 14 regional banks. The Board of Governors has 7 members who serve 14-year terms.

C. The Federal Reserve System has 12regional banks. The Board of Governors has 12 members

who serve 7-year terms.

D. The Federal Reserve System has 12 regional bank

s. The Board of Governors has 7 members who serve 14-year terms.

Explanation / Answer

13. bank of china is not a central bank

as it is People's Bank of China as central bank

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