• Question 1 

Crucial elements of well-developed financial systems include all of the following except:    

• Question 2

 The issuing of new securities, mortgages, and other claims to wealth takes place in the:    

•Question 3

 Finance is:    

• Question 4

Finance has its origins in:    

• Question 5

In the United States, most money is created by:    

• Question 6

An effective financial system needs which of the following:    

• Question 7

Economists use a ___________________ framework to explain how the prices and quantities of goods and services are determined in a free-market economic system.    

• Question 8

Under the Federal Reserve Act of 1913, the number of Federal Reserve districts established is    

• Question 9

The least used monetary policy instrument used by the Fed is    

 • Question 10

The five components of the Federal Reserve System include:    

• Question 11

Which monetary policy tool does the Fed use most infrequently?    

• Question 12

When the Federal Reserve System was created, it was thought that its most important influence over monetary conditions would be    

• Question 13

The capital stock of each Federal Reserve Bank    

• Question 14

Each Federal Reserve Bank has a president and first vice-president who are appointed by    

• Question 15

Debt management of the federal government does not include    

• Question 16

Currently, the backing for Federal Reserve's notes is primarily in the form of   

• Question 17

Price inflation    

• Question 18

 The U.S. Treasury is primarily responsible for    

• Question 19

Which one of the following transactions or operations is entirely at the initiative of the Federal Reserve?    

• Question 20

The Federal Reserve System cannot directly control