AP Macroeconomics

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Oct 28, 2013 (3 years and 9 months ago)

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AP Macroeconomics







Name _____________________________

Pair
/Crooks








Date ___________________ Pd _______

Unit 4 Monetary Policy (Chapters 13,

14,

15)

www.federalreserve.gov

The Federal Reserve, the
central bank of the United States, was founded by Congress in _____ to provide the
nation with a safer, more flexible, and more stable monetary and financial system.

Today the Federal Reserve's duties fall into four general areas:

(1)

Conducting______________
_____________;


(2)


supervising and regulating _____________________________maintaining the stability of the financial
system; and

(3)


providing certain___________________________________, the public, financial institutions, and
foreign official institutions

Cli
ck on About the Fed


Click on Members of the Board of Governors

List the current Board members:

)


(1)





(4)




(7)


(2)





(5)


(3)





(6)




Click on Federal Reserve System

Click on Structure of the Fed


Read all 4 sections (Board of
Governors; Open

Market; Reserve banks; Board of Directors)
:

The _____ members of the Federal Reserve Board are nominated by the _______ and confirmed by the
___________. A full term is ____ years. One term begins every _____ years, on February ___ of ____
-

numbered yea
rs. A member who serves a full term (may or may not) be reappointed. A member who
completes an unexpired portion of a term (may or may not) be reappointed. All terms end on their statutory
date regardless of the date on which the member is sworn into offi
ce. The Chairman and the Vice Chairman
serve a term of ____ years.


Click on Ben Bernanke

He was designated Chairman by which President(s)?

_____________________






His current term as a member of the Board will end on ____________________


Click on H
ome


List the 12

Federal Reserve Districts:


(1)





(
5
)





(9)



(2)





(
6
)

Atlanta




(10)


(3)





(
7
)





(11)


(4)





(8)





(12)


14.

Under “What does the FOMC do?”


a.

What does it oversee?


b.

What is the principal tool of monetary policy?


c.

What are

open market operations?


15.

Who are the members of the FOMC?


16.

What is the federal funds rate?


a.

What

a decrease in the federal funds rate lead to?


b.

What

can excessively high economic activity lead to?


c.

What will an increase in the federal funds rate do?


17.

What

is the discount rate?



18.

What is monetary policy?



19.

Under “How does the Federal Reserve implement monetary policy?” define the three tools of
monetary policy:

1.

Reserve reqirement
-



2.

Discount rate
-



3.

Open Market operations
-



20. Using these tools,

the Federal Reserve influences the demand for and supply of balances that depository
institutions (banks) hold on deposit at Federal Reserve Banks and thus the federal funds rate. What things are
affected by changes in the federal funds rate?






www.usmint.gov


Click on Site map




(1) About the FED



(6)





(
9
)


(2)





(7)





(10)


(3)





(8)





(11) Career




www.bep.treas.gov

What’re the functions of the Treasury
?


Fun Money websites

www.federalreserve.gov

http://www.fratlanta.org/

(Our Atlanta branch of the Fed)

www.usmint.gov

www.bep.treas.gov

www.moneyfaxtory.com

Http://www.frbsf.org/currency/


www.members.cox.net/crandall11/money

(I can’t do these, but maybe you can)

www.wheresgeorge.com

(tracks $1 bills


check out the sample


you do NOT have to sign on for our class
)